Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.22 and traded as low as $12.03. Western Asset High Yield Defined Opportunity Fund shares last traded at $12.09, with a volume of 98,848 shares trading hands.

Western Asset High Yield Defined Opportunity Fund Price Performance

The firm’s fifty day moving average is $12.22 and its two-hundred day moving average is $11.90.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of institutional investors have recently made changes to their positions in HYI. Consolidated Portfolio Review Corp raised its holdings in 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 worth $899,000 after purchasing an additional 836 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 20.0% in the third 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 during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the third quarter worth approximately $79,000. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter valued at approximately $95,000. Finally, Raymond James & Associates lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 7.2% in the 2nd quarter. Raymond James & Associates now owns 138,342 shares of the company’s stock valued at $1,605,000 after acquiring an additional 9,283 shares in the last quarter.

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.