Western Asset High Income Opportunity Fund Inc. $HIO Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 33.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,235,264 shares of the closed-end fund’s stock after buying an additional 556,840 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $8,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Rareview Capital LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $2,279,000. Shaker Financial Services LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 191.0% during the fourth quarter. Shaker Financial Services LLC now owns 613,763 shares of the closed-end fund’s stock valued at $2,277,000 after buying an additional 402,861 shares during the period. Readystate Asset Management LP grew its position in shares of Western Asset High Income Opportunity Fund by 410.1% in the fourth quarter. Readystate Asset Management LP now owns 477,054 shares of the closed-end fund’s stock valued at $1,770,000 after purchasing an additional 383,537 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 141.4% during the 4th quarter. Wolverine Asset Management LLC now owns 640,496 shares of the closed-end fund’s stock worth $2,376,000 after acquiring an additional 375,140 shares during the period. Finally, Kanen Wealth Management LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund during the 1st quarter valued at $1,448,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO stock opened at $3.63 on Friday. The company’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.70. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.52 and a 52 week high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.0355 dividend. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, August 24th.

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.