Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.00 and traded as low as $10.53. Western Asset High Yield Defined Opportunity Fund shares last traded at $10.5310, with a volume of 92,802 shares changing hands.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.1%

The firm’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $10.99.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.095 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 6.1% during the fourth quarter. Guggenheim Capital LLC now owns 429,166 shares of the company’s stock valued at $4,789,000 after buying an additional 24,709 shares during the period. Uncommon Cents Investing LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 0.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 290,650 shares of the company’s stock valued at $3,244,000 after buying an additional 2,450 shares during the period. Absolute Investment Advisers LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $2,735,000. Shaker Financial Services LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 452.8% during the fourth quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock valued at $2,580,000 after buying an additional 189,369 shares during the period. Finally, Wolverine Asset Management LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 760.0% during the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock valued at $2,254,000 after buying an additional 178,470 shares during the period.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.