Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.96 and traded as high as $3.99. Western Asset High Income Opportunity Fund shares last traded at $3.97, with a volume of 354,467 shares traded.

Western Asset High Income Opportunity Fund Stock Up 0.3 %

The firm’s 50-day moving average is $3.96 and its 200 day moving average is $3.94.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.0355 dividend. This represents a $0.43 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund during the third quarter worth approximately $40,000. Pathway Financial Advisers LLC boosted its holdings in shares of Western Asset High Income Opportunity Fund by 2.2% during the second quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after purchasing an additional 5,682 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Western Asset High Income Opportunity Fund by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock valued at $2,152,000 after purchasing an additional 6,000 shares during the period. Strategic Financial Concepts LLC acquired a new position in Western Asset High Income Opportunity Fund in the second quarter valued at $79,000. Finally, Shaker Financial Services LLC purchased a new position in Western Asset High Income Opportunity Fund during the third quarter worth about $103,000.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.