Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Short Interest Update

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 87,388 shares, a decline of 60.3% from the July 15th total of 219,943 shares. Based on an average daily volume of 477,688 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of HIO. Kanen Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the first quarter worth $1,448,000. Jane Street Group LLC bought a new position in Western Asset High Income Opportunity Fund in the 1st quarter valued at $139,000. Geneos Wealth Management Inc. grew its stake in Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 10,429 shares during the period. Cetera Investment Advisers increased its position in shares of Western Asset High Income Opportunity Fund by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock valued at $310,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Western Asset High Income Opportunity Fund by 1.0% during the 2nd quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock valued at $4,006,000 after purchasing an additional 10,194 shares during the last quarter.

Western Asset High Income Opportunity Fund Trading Up 0.1%

HIO stock traded up $0.01 during trading on Friday, reaching $3.56. The stock had a trading volume of 240,910 shares, compared to its average volume of 370,427. Western Asset High Income Opportunity Fund has a one year low of $3.47 and a one year high of $4.05. The company’s 50 day moving average is $3.60 and its two-hundred day moving average is $3.66.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0355 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Friday, November 20th.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.