Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.06 and traded as low as $11.91. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.96, with a volume of 24,185 shares trading hands.

Western Asset High Yield Defined Opportunity Fund Stock Performance

The stock has a 50 day moving average price of $12.06 and a 200-day moving average price of $12.02.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter worth about $128,000. Sanctuary Advisors LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the second quarter worth $180,000. MRA Advisory Group bought a new stake in Western Asset High Yield Defined Opportunity Fund in the third quarter valued at $136,000. Future Financial Wealth Managment LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at $79,000. Finally, Gilman Hill Asset Management LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 20.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock worth $307,000 after purchasing an additional 4,125 shares in the last quarter.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.