Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.83 and traded as low as $3.78. Western Asset High Income Opportunity Fund shares last traded at $3.7950, with a volume of 282,370 shares trading hands.

Western Asset High Income Opportunity Fund Stock Performance

The business has a 50 day moving average price of $3.75 and a 200-day moving average price of $3.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 16.3% in the 3rd quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock valued at $5,488,000 after purchasing an additional 200,675 shares during the period. Invesco Ltd. raised its stake in Western Asset High Income Opportunity Fund by 19.7% in the fourth quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after buying an additional 201,345 shares during the period. Wells Fargo & Company MN lifted its position in shares of Western Asset High Income Opportunity Fund by 13.5% in the fourth quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock valued at $2,880,000 after buying an additional 92,096 shares during the last quarter. UBS Group AG boosted its stake in shares of Western Asset High Income Opportunity Fund by 59.7% during the 3rd quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock worth $2,892,000 after acquiring an additional 281,615 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Western Asset High Income Opportunity Fund by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock worth $2,718,000 after acquiring an additional 21,669 shares during the last quarter.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.