Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.06 and traded as low as $11.91. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.96, with a volume of 24,185 shares traded.

Western Asset High Yield Defined Opportunity Fund Stock Performance

The business’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $12.02.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in HYI. Future Financial Wealth Managment LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at $79,000. B. Riley Wealth Advisors Inc. acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 2nd quarter worth $128,000. MRA Advisory Group acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth $136,000. Sanctuary Advisors LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 2nd quarter worth $180,000. Finally, Gilman Hill Asset Management LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 20.0% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock worth $307,000 after purchasing an additional 4,125 shares during the last quarter.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.