Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Short Interest Down 52.0% in June

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 96,833 shares, a drop of 52.0% from the June 15th total of 201,598 shares. Based on an average daily volume of 324,112 shares, the short-interest ratio is currently 0.3 days.

Western Asset High Income Opportunity Fund Price Performance

NYSE HIO traded down $0.03 during trading on Thursday, reaching $3.62. 313,183 shares of the company’s stock were exchanged, compared to its average volume of 362,832. The business has a 50 day moving average price of $3.62 and a 200-day moving average price of $3.68. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.52 and a fifty-two week high of $4.05.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Laurel Oak Wealth Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $40,000. PNC Financial Services Group Inc. raised its position 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 valued at $42,000 after buying an additional 5,000 shares in the last quarter. One Capital Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter valued at approximately $43,000. Geneos Wealth Management Inc. grew its position in Western Asset High Income Opportunity Fund by 807.2% during the first 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 in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund during the third quarter worth approximately $47,000.

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.