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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Free Report) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 57,400 shares, a decrease of 8.6% from the May 15th total of 62,800 shares. Based on an average daily trading volume, of 396,200 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO remained flat at $3.82 on Wednesday. The company had a trading volume of 343,430 shares, compared to its average volume of 353,122. The business has a 50-day moving average price of $3.77 and a two-hundred day moving average price of $3.86. Western Asset High Income Opportunity Fund has a twelve month low of $3.52 and a twelve month high of $4.03.

Western Asset High Income Opportunity Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be given a $0.036 dividend. This is a positive change from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.04. This represents a $0.43 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date of this dividend is Friday, June 21st.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Large investors have recently made changes to their positions in the business. Weiss Asset Management LP purchased a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at $50,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Western Asset High Income Opportunity Fund by 2.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 194,237 shares of the closed-end fund’s stock valued at $750,000 after purchasing an additional 5,253 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Western Asset High Income Opportunity Fund by 10.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,095,947 shares of the closed-end fund’s stock valued at $4,230,000 after purchasing an additional 100,000 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Western Asset High Income Opportunity Fund by 12.3% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 40,362 shares of the closed-end fund’s stock valued at $156,000 after purchasing an additional 4,413 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Western Asset High Income Opportunity Fund by 5.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 498,992 shares of the closed-end fund’s stock valued at $1,956,000 after purchasing an additional 27,775 shares during the last quarter.

Western Asset High Income Opportunity Fund Company Profile

(Get Free Report)

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.

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