Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.96 and traded as low as $3.95. Western Asset High Income Opportunity Fund shares last traded at $3.97, with a volume of 417,398 shares traded.

Western Asset High Income Opportunity Fund Price Performance

The firm has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $3.96.

Western Asset High Income Opportunity Fund Increases Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were given a $0.0355 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 10.81%. This is a positive change from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC raised its position in shares of Western Asset High Income Opportunity Fund by 19.0% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 308,778 shares of the closed-end fund’s stock worth $1,213,000 after acquiring an additional 49,252 shares in the last quarter. FCA Corp TX increased its position in Western Asset High Income Opportunity Fund by 8.0% during the 4th quarter. FCA Corp TX now owns 1,089,059 shares of the closed-end fund’s stock valued at $4,280,000 after buying an additional 80,751 shares in the last quarter. LPL Financial LLC increased its position in Western Asset High Income Opportunity Fund by 256.1% during the 4th quarter. LPL Financial LLC now owns 277,938 shares of the closed-end fund’s stock valued at $1,092,000 after buying an additional 199,893 shares in the last quarter. Samalin Investment Counsel LLC bought a new position in Western Asset High Income Opportunity Fund during the 4th quarter valued at approximately $76,000. Finally, Virtu Financial LLC bought a new position in Western Asset High Income Opportunity Fund during the 4th quarter valued at approximately $64,000.

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.