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

Posted by Teresa Graham on Feb 13th, 2025

Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) 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 trading hands.

Western Asset High Income Opportunity Fund Stock Performance

The stock has a 50-day moving average of $3.96 and a two-hundred day moving average of $3.96.

Western Asset High Income Opportunity Fund Increases Dividend

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

Institutional Trading of Western Asset High Income Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $40,000. Horizon Kinetics Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $41,000. Avantax Advisory Services Inc. bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $43,000. Independent Advisor Alliance bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $44,000. Finally, Jackson Hole Capital Partners LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $54,000.

About Western Asset High Income Opportunity Fund

(Get Free Report)

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.