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

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

Western Asset High Income Opportunity Fund Stock Performance

HIO stock traded down $0.01 on Thursday, hitting $3.54. 26,533 shares of the company were exchanged, compared to its average volume of 366,432. Western Asset High Income Opportunity Fund has a twelve month low of $3.47 and a twelve month high of $4.05. The business’s fifty day moving average is $3.60 and its two-hundred day moving average is $3.65.

Western Asset High Income Opportunity Fund Announces Dividend

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

Institutional Trading of Western Asset High Income Opportunity Fund

Hedge funds have recently bought and sold shares of the company. Kanen Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 1st quarter worth about $1,448,000. Raymond James Financial Inc. increased its stake in shares of Western Asset High Income Opportunity Fund by 3.2% in the 3rd quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock valued at $2,718,000 after acquiring an additional 21,669 shares during the last quarter. LPL Financial LLC increased its stake in Western Asset High Income Opportunity Fund by 37.8% during the 4th quarter. LPL Financial LLC now owns 385,003 shares of the closed-end fund’s stock worth $1,428,000 after purchasing an additional 105,685 shares in the last quarter. First Trust Advisors LP boosted its position in Western Asset High Income Opportunity Fund by 13.6% during the 2nd quarter. First Trust Advisors LP now owns 274,670 shares of the closed-end fund’s stock worth $1,093,000 after acquiring an additional 32,846 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Western Asset High Income Opportunity Fund by 18.0% during the fourth quarter. Royal Bank of Canada now owns 151,874 shares of the closed-end fund’s stock worth $564,000 after acquiring an additional 23,189 shares in the last quarter.

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.