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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 145,068 shares, an increase of 102.0% from the May 14th total of 71,809 shares. Based on an average daily volume of 341,159 shares, the days-to-cover ratio is currently 0.4 days.

Western Asset High Income Opportunity Fund Price Performance

Shares of Western Asset High Income Opportunity Fund stock opened at $3.61 on Friday. Western Asset High Income Opportunity Fund has a twelve month low of $3.52 and a twelve month high of $4.05. The company’s fifty day moving average is $3.65 and its 200 day moving average is $3.70.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid 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 11.8%.

Institutional Trading of Western Asset High Income Opportunity Fund

Several institutional investors have recently modified their holdings of HIO. Laurel Oak Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter worth $40,000. PNC Financial Services Group Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 84.7% in the third quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares during the last quarter. One Capital Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter worth $43,000. Geneos Wealth Management Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 807.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter worth about $47,000.

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.