Short Interest in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Declines By 21.6%

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 217,854 shares, a decrease of 21.6% from the March 31st total of 277,780 shares. Based on an average daily trading volume, of 346,673 shares, the days-to-cover ratio is presently 0.6 days.

Western Asset High Income Opportunity Fund Trading Up 0.1%

Shares of HIO opened at $3.70 on Friday. The firm has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.74. Western Asset High Income Opportunity Fund has a 1-year low of $3.52 and a 1-year high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.0355 dividend. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Thursday, May 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 16.3% in the 3rd quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock valued at $5,488,000 after buying an additional 200,675 shares during the period. Wolverine Asset Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth about $1,019,000. Absolute Investment Advisers LLC purchased a new position in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $1,225,000. Kanen Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund in the 1st quarter valued at about $1,448,000. Finally, Rareview Capital LLC acquired a new position in Western Asset High Income Opportunity Fund in the 4th quarter valued at about $2,279,000.

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.