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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) shares passed 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 trading hands.

Western Asset High Yield Defined Opportunity Fund Stock Performance

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

Western Asset High Yield Defined Opportunity Fund Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Consolidated Portfolio Review Corp raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 1.2% during the third quarter. Consolidated Portfolio Review Corp now owns 72,636 shares of the company’s stock valued at $899,000 after purchasing an additional 836 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of 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 valued at $307,000 after purchasing an additional 4,125 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the third quarter valued at approximately $79,000. B. Riley Wealth Advisors Inc. bought a new stake in Western Asset High Yield Defined Opportunity Fund during the second quarter valued at approximately $128,000. Finally, MRA Advisory Group bought a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter valued at approximately $136,000.

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.