Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.03 and traded as high as $12.06. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.98, with a volume of 66,510 shares.

Western Asset High Yield Defined Opportunity Fund Stock Performance

The business’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $12.11.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a $0.095 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYI. Raymond James Financial Inc. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at $8,392,000. Guggenheim Capital LLC lifted its stake in Western Asset High Yield Defined Opportunity Fund by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock worth $5,277,000 after acquiring an additional 65,926 shares in the last quarter. Almitas Capital LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $762,000. Kovitz Investment Group Partners LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at about $707,000. Finally, Invesco Ltd. increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 57.1% in the 4th quarter. Invesco Ltd. now owns 69,646 shares of the company’s stock valued at $823,000 after purchasing an additional 25,306 shares during the period.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.