Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Sees Significant Decline in Short Interest

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 87,388 shares, a decrease of 60.3% from the July 15th total of 219,943 shares. Based on an average trading volume of 477,688 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. increased its stake in Western Asset High Income Opportunity Fund by 33.2% in the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock valued at $8,293,000 after purchasing an additional 556,840 shares in the last quarter. Invesco Ltd. grew its holdings in Western Asset High Income Opportunity Fund by 19.7% in the fourth quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after purchasing an additional 201,345 shares during the last quarter. FCA Corp TX grew its holdings in Western Asset High Income Opportunity Fund by 5.8% in the first quarter. FCA Corp TX now owns 1,206,739 shares of the closed-end fund’s stock valued at $4,380,000 after purchasing an additional 66,178 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Western Asset High Income Opportunity Fund by 13.5% in the fourth quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock valued at $2,880,000 after buying an additional 92,096 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Western Asset High Income Opportunity Fund by 59.7% in the third quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock valued at $2,892,000 after buying an additional 281,615 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO opened at $3.56 on Friday. Western Asset High Income Opportunity Fund has a one year low of $3.47 and a one year high of $4.05. The company’s fifty day moving average is $3.60 and its two-hundred day moving average is $3.66.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed 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) dividend on an annualized basis and a yield of 12.0%.

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.