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 large growth in short interest in the month of February. As of February 28th, there was short interest totalling 686,000 shares, a growth of 44.2% from the February 13th total of 475,800 shares. Based on an average daily volume of 513,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Institutional investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 4th quarter worth about $82,000. Park Avenue Securities LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 32.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 3,951 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Western Asset High Income Opportunity Fund by 3.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock valued at $419,000 after buying an additional 3,584 shares during the last quarter. Choreo LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at about $58,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Western Asset High Income Opportunity Fund by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock valued at $2,152,000 after buying an additional 6,000 shares during the last quarter.

Western Asset High Income Opportunity Fund Trading Down 0.1 %

NYSE HIO traded down $0.01 during trading on Monday, reaching $4.07. 335,269 shares of the company’s stock were exchanged, compared to its average volume of 426,818. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.69 and a fifty-two week high of $4.15. The company’s fifty day simple moving average is $3.99 and its 200-day simple moving average is $3.98.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.43 dividend on an annualized basis and a yield of 10.48%.

About Western Asset High Income Opportunity Fund

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.