Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s share price 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 changing hands.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.3 %

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 Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 1,138.0% in the 3rd quarter. International Assets Investment Management LLC now owns 143,026 shares of the company’s stock worth $1,771,000 after purchasing an additional 131,473 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter valued at $180,000. Gilman Hill Asset Management LLC increased its holdings in Western Asset High Yield Defined Opportunity Fund by 20.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock worth $307,000 after buying an additional 4,125 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth about $128,000. Finally, Future Financial Wealth Managment LLC bought a new position in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at about $79,000.

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.