Western Asset High Income Opportunity Fund (NYSE:HIO) Director Sells $16,470.00 in Stock

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Director Carol Colman sold 4,500 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $3.66, for a total value of $16,470.00. Following the completion of the sale, the director directly owned 19,907 shares of the company’s stock, valued at approximately $72,859.62. This trade represents a 18.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Western Asset High Income Opportunity Fund Price Performance

Western Asset High Income Opportunity Fund stock opened at $3.72 on Friday. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.52 and a one year high of $4.05. The business has a fifty day moving average of $3.71 and a two-hundred day moving average of $3.75.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a $0.0355 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HIO. Kanen Wealth Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the first quarter valued at $1,448,000. Jane Street Group LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the first quarter valued at $139,000. Geneos Wealth Management Inc. increased its position in shares of Western Asset High Income Opportunity Fund by 807.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 10,429 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Western Asset High Income Opportunity Fund by 8.2% in the second quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock valued at $310,000 after buying an additional 5,937 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Western Asset High Income Opportunity Fund by 1.0% in the second quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock valued at $4,006,000 after buying an additional 10,194 shares in the last quarter.

Western Asset High Income Opportunity Fund Company Profile

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.