Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Stock Breaks Below Two Hundred Day Moving Average – Here’s Why

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.32 and traded as low as $7.95. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $7.9950, with a volume of 294,425 shares trading hands.

Western Asset Inflation-Linked Opportunities & Income Fund Trading Down 1.1%

The company’s fifty day moving average price is $8.11 and its 200-day moving average price is $8.32.

Western Asset Inflation-Linked Opportunities & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital Investment Advisors LLC increased its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 24.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 14,154 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 2,760 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the second quarter valued at about $39,000. Baird Financial Group Inc. increased its holdings in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 3.6% in the second quarter. Baird Financial Group Inc. now owns 576,774 shares of the investment management company’s stock valued at $4,845,000 after purchasing an additional 19,989 shares during the period. HighTower Advisors LLC raised its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 0.3% in the second quarter. HighTower Advisors LLC now owns 491,394 shares of the investment management company’s stock worth $4,128,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new position in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the second quarter worth about $365,000.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a publicly traded closed-end investment fund. The fund seeks to provide investors with current income and protection against inflation while pursuing total return through a portfolio of inflation-linked and other fixed-income securities.

Its investments may include U.S. Treasury Inflation-Protected Securities (TIPS), inflation-linked securities issued by governments and companies outside the United States, and other debt instruments.