Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Short Interest Update

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 219,943 shares, a growth of 127.1% from the June 30th total of 96,833 shares. Based on an average daily volume of 289,382 shares, the short-interest ratio is presently 0.8 days.

Western Asset High Income Opportunity Fund Trading Up 0.7%

NYSE:HIO traded up $0.03 during mid-day trading on Thursday, hitting $3.50. The stock had a trading volume of 628,761 shares, compared to its average volume of 371,523. Western Asset High Income Opportunity Fund has a twelve month low of $3.47 and a twelve month high of $4.05. The company’s 50 day simple moving average is $3.62 and its 200 day simple moving average is $3.67.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 12.2%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HIO. Wolverine Asset Management LLC grew its position in shares of Western Asset High Income Opportunity Fund by 141.4% in the fourth quarter. Wolverine Asset Management LLC now owns 640,496 shares of the closed-end fund’s stock valued at $2,376,000 after purchasing an additional 375,140 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in Western Asset High Income Opportunity Fund by 33.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after purchasing an additional 556,840 shares during the last quarter. Absolute Investment Advisers LLC bought a new stake in Western Asset High Income Opportunity Fund in the 4th quarter valued at $1,225,000. Rareview Capital LLC bought a new stake in Western Asset High Income Opportunity Fund in the 4th quarter valued at $2,279,000. Finally, Shaker Financial Services LLC grew its holdings in Western Asset High Income Opportunity Fund by 191.0% in the 4th 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 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.