HIO Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of Western Asset High Income Opportunity Fund ( HIO) crossed below their 200 day moving average of $4.83, changing hands as low as $4.79 per share. Western Asset High Income Opportunity Fund shares are currently trading down about 1% on the day. The chart below shows the one year performance of HIO shares, versus its 200 day moving average:

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Western Asset High Income Opportunity Fund 200 Day Moving Average Chart

Looking at the chart above, HIO's low point in its 52 week range is $4.14 per share, with $5.14 as the 52 week high point — that compares with a last trade of $4.81.

According to the ETF Finder at ETF Channel, HIO makes up 1.06% of the PowerShares CEF Income Composite Portfolio ETF ( PCEF) which is trading lower by about 0.6% on the day Thursday.

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