Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Rating) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.91 and traded as low as $3.84. Western Asset High Income Opportunity Fund shares last traded at $3.86, with a volume of 179,946 shares trading hands.

Western Asset High Income Opportunity Fund Price Performance

The company has a 50 day simple moving average of $3.91 and a 200-day simple moving average of $3.91.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 21st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.33%.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new position in shares of Western Asset High Income Opportunity Fund in the fourth quarter valued at about $42,000. Eudaimonia Partners LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the first quarter worth about $52,000. B. Riley Wealth Management Inc. purchased a new position in Western Asset High Income Opportunity Fund during the 2nd quarter valued at about $49,000. MML Investors Services LLC bought a new position in Western Asset High Income Opportunity Fund during the 3rd quarter valued at approximately $46,000. Finally, Creative Planning purchased a new stake in Western Asset High Income Opportunity Fund in the 2nd quarter worth approximately $51,000.

Western Asset High Income Opportunity Fund Company Profile

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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.

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