Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Share Price Passes Below Fifty Day Moving Average of $11.84

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.84 and traded as low as $11.58. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.61, with a volume of 104,790 shares traded.

Western Asset High Yield Defined Opportunity Fund Price Performance

The firm’s 50 day moving average price is $11.84 and its two-hundred day moving average price is $11.80.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.095 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.14 dividend on an annualized basis and a yield of 9.82%.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Institutional investors have recently made changes to their positions in the stock. Stonebrook Private Inc. bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at $154,000. International Assets Investment Management LLC grew its holdings in Western Asset High Yield Defined Opportunity Fund by 976.0% during the 4th quarter. International Assets Investment Management LLC now owns 139,676 shares of the company’s stock valued at $1,689,000 after buying an additional 126,695 shares in the last quarter. SFI Advisors LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at about $297,000. 1607 Capital Partners LLC increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 3.3% during the third quarter. 1607 Capital Partners LLC now owns 135,571 shares of the company’s stock valued at $1,558,000 after buying an additional 4,300 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 124.1% in the third quarter. City of London Investment Management Co. Ltd. now owns 227,736 shares of the company’s stock valued at $2,617,000 after acquiring an additional 126,111 shares during the period.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.