Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Declares Monthly Dividend of $0.04

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Thursday, November 20th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.0355 per share by the closed-end fund on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Friday, January 23rd.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO traded down $0.07 during trading hours on Thursday, hitting $3.71. 615,419 shares of the company traded hands, compared to its average volume of 430,062. The company’s 50 day moving average price is $3.86 and its 200 day moving average price is $3.91. Western Asset High Income Opportunity Fund has a 12 month low of $3.36 and a 12 month high of $4.15.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in HIO. Susquehanna International Group LLP bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth about $404,000. Mercer Global Advisors Inc. ADV purchased a new stake in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $127,000. Citadel Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $47,000. Kanen Wealth Management LLC lifted its stake in Western Asset High Income Opportunity Fund by 77.4% in the third quarter. Kanen Wealth Management LLC now owns 697,018 shares of the closed-end fund’s stock worth $2,677,000 after purchasing an additional 304,100 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Western Asset High Income Opportunity Fund by 3.2% during the third quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock valued at $2,718,000 after buying an additional 21,669 shares during the period.

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.