Western Asset High Income Opportunity Fund (NYSE:HIO) Posts Quarterly Earnings Results

Western Asset High Income Opportunity Fund (NYSE:HIO) released its earnings results on Thursday. The closed-end fund reported $0.08 EPS for the quarter, Zacks reports.

Western Asset High Income Opportunity Fund Trading Down 0.4%

HIO stock traded down $0.01 during mid-day trading on Thursday, hitting $3.54. 50,211 shares of the company were exchanged, compared to its average volume of 366,454. The business has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.65. Western Asset High Income Opportunity Fund has a 1-year low of $3.47 and a 1-year high of $4.05.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.0%.

Institutional Trading of Western Asset High Income Opportunity Fund

Several large investors have recently made changes to their positions in HIO. PNC Financial Services Group Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after buying an additional 5,000 shares in the last quarter. Laurel Oak Wealth Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at $40,000. Geneos Wealth Management Inc. increased 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 worth $47,000 after purchasing an additional 10,429 shares in the last quarter. Citadel Advisors LLC bought a new position in Western Asset High Income Opportunity Fund in the third quarter valued at about $47,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth about $86,000.

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.