Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.12 and traded as high as $11.25. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.22, with a volume of 68,611 shares.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.4%

The business’s 50 day moving average is $11.12 and its 200-day moving average is $11.46.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.095 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Friday, February 20th.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

Several large investors have recently made changes to their positions in HYI. Quarry LP acquired a new stake in Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at approximately $1,075,000. Marex Group plc bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $182,000. LPL Financial LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 17.7% in the fourth quarter. LPL Financial LLC now owns 38,682 shares of the company’s stock worth $432,000 after acquiring an additional 5,811 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 760.0% in the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after acquiring an additional 178,470 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $259,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.