Western Asset High Income Opportunity Fund (NYSE:HIO) Shares Pass Above 50-Day Moving Average of $3.93

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Rating)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.93 and traded as high as $4.08. Western Asset High Income Opportunity Fund shares last traded at $4.08, with a volume of 5,940 shares traded.

Western Asset High Income Opportunity Fund Stock Performance

The stock’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $3.95.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 24th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 8.82%.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

A number of large investors have recently bought and sold shares of the company. Fiera Capital Corp increased its holdings in shares of Western Asset High Income Opportunity Fund by 23.7% in the 2nd quarter. Fiera Capital Corp now owns 437,831 shares of the closed-end fund’s stock valued at $1,734,000 after purchasing an additional 83,936 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $443,000. RFG Advisory LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 16.5% in the 2nd quarter. RFG Advisory LLC now owns 521,367 shares of the closed-end fund’s stock valued at $2,200,000 after purchasing an additional 73,829 shares in the last quarter. Jeppson Wealth Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $40,000. Finally, Bramshill Investments LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $32,500,000.

About Western Asset High Income Opportunity Fund

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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.