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

Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 Price Performance

The company has a 50-day simple moving average of $12.06 and a two-hundred day simple moving average of $12.02.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.095 dividend. The ex-dividend date is Friday, January 24th.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently added to or reduced their stakes in HYI. Future Financial Wealth Managment LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at $79,000. B. Riley Wealth Advisors Inc. bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at about $128,000. MRA Advisory Group purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter valued at about $136,000. Sanctuary Advisors LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the second quarter valued at about $180,000. Finally, Gilman Hill Asset Management LLC boosted its position in Western Asset High Yield Defined Opportunity Fund by 20.0% during the third 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 period.

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.