Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Short Interest Down 67.9% in June

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 16,847 shares, a drop of 67.9% from the June 15th total of 52,518 shares. Based on an average daily volume of 508,169 shares, the days-to-cover ratio is currently 0.0 days.

Western Asset Inflation-Linked Opportunities & Income Fund Trading Down 0.3%

NYSE:WIW traded down $0.03 during trading hours on Monday, reaching $8.38. The company had a trading volume of 136,772 shares, compared to its average volume of 261,134. The firm’s 50 day moving average price is $8.45 and its 200-day moving average price is $8.54. Western Asset Inflation-Linked Opportunities & Income Fund has a 52 week low of $8.29 and a 52 week high of $9.03.

Western Asset Inflation-Linked Opportunities & Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.0625 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Western Asset Inflation-Linked Opportunities & Income Fund

A number of hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. increased its holdings in Western Asset Inflation-Linked Opportunities & Income Fund by 324.6% during the fourth quarter. Saba Capital Management L.P. now owns 424,577 shares of the investment management company’s stock valued at $3,647,000 after buying an additional 324,577 shares during the last quarter. Riverbridge Partners LLC boosted its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 157.8% during the 4th quarter. Riverbridge Partners LLC now owns 235,630 shares of the investment management company’s stock worth $2,024,000 after acquiring an additional 144,223 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Western Asset Inflation-Linked Opportunities & Income Fund during the 4th quarter worth $1,189,000. GatePass Capital LLC bought a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund during the 1st quarter valued at $822,000. Finally, Private Advisor Group LLC grew its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 10.7% during the 4th quarter. Private Advisor Group LLC now owns 974,328 shares of the investment management company’s stock valued at $8,369,000 after acquiring an additional 94,162 shares during the period.

Western Asset Inflation-Linked Opportunities & Income Fund Company Profile

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.