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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 217,854 shares, a decrease of 21.6% from the March 31st total of 277,780 shares. Based on an average daily volume of 346,673 shares, the days-to-cover ratio is presently 0.6 days.

Western Asset High Income Opportunity Fund Trading Up 0.4%

HIO stock traded up $0.02 during trading on Thursday, hitting $3.69. 158,805 shares of the company traded hands, compared to its average volume of 392,203. Western Asset High Income Opportunity Fund has a 1 year low of $3.52 and a 1 year high of $4.05. The company has a 50-day moving average of $3.69 and a 200-day moving average of $3.74.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.0355 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 11.6%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Western Asset High Income Opportunity Fund by 504.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 6,330 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 5,000 shares during the period. Laurel Oak Wealth Management LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $40,000. One Capital Management LLC purchased a new stake in Western Asset High Income Opportunity Fund in the 4th quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after buying an additional 10,429 shares during the period.

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.