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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 86,234 shares, a decrease of 39.8% from the January 15th total of 143,364 shares. Based on an average daily trading volume, of 399,540 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 399,540 shares, the short-interest ratio is presently 0.2 days.

Western Asset High Income Opportunity Fund Stock Up 0.7%

HIO traded up $0.03 on Friday, hitting $3.81. 401,326 shares of the company traded hands, compared to its average volume of 437,781. Western Asset High Income Opportunity Fund has a 12-month low of $3.36 and a 12-month high of $4.15. The company has a 50 day moving average of $3.75 and a 200-day moving average of $3.83.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.2%.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

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