Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 143,762 shares, a growth of 64.5% from the July 30th total of 87,388 shares. Based on an average trading volume of 337,865 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Western Asset High Income Opportunity Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. Laurel Oak Wealth Management LLC purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $40,000. PNC Financial Services Group Inc. lifted its stake in Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares in the last quarter. One Capital Management LLC purchased a new stake in Western Asset High Income Opportunity Fund in the 4th quarter worth approximately $43,000. Geneos Wealth Management Inc. boosted its holdings 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. Finally, Citadel Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $47,000.
Western Asset High Income Opportunity Fund Price Performance
Shares of Western Asset High Income Opportunity Fund stock traded down $0.01 during trading hours on Tuesday, reaching $3.48. The company had a trading volume of 418,811 shares, compared to its average volume of 366,064. Western Asset High Income Opportunity Fund has a one year low of $3.46 and a one year high of $4.05. The business has a fifty day simple moving average of $3.58 and a 200 day simple moving average of $3.64.
Western Asset High Income Opportunity Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.0355 per share. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.2%.
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.
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