Western Asset High Income Opportunity Fund Inc. $HIO Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC cut its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 50.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,464 shares of the closed-end fund’s stock after selling 323,034 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of HIO. Sit Investment Associates Inc. increased its holdings in shares of Western Asset High Income Opportunity Fund by 33.2% in the fourth 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 period. Rareview Capital LLC increased its stake in Western Asset High Income Opportunity Fund by 30.7% in the 2nd quarter. Rareview Capital LLC now owns 903,653 shares of the closed-end fund’s stock worth $3,597,000 after acquiring an additional 212,012 shares during the last quarter. Absolute Investment Advisers LLC increased its stake in Western Asset High Income Opportunity Fund by 43.4% in the 1st quarter. Absolute Investment Advisers LLC now owns 469,158 shares of the closed-end fund’s stock worth $1,703,000 after acquiring an additional 141,927 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 58.8% in the 1st quarter. RFG Advisory LLC now owns 287,063 shares of the closed-end fund’s stock valued at $1,042,000 after acquiring an additional 106,280 shares in the last quarter. Finally, FCA Corp TX raised its holdings in shares of Western Asset High Income Opportunity Fund by 5.8% in the 1st quarter. FCA Corp TX now owns 1,206,739 shares of the closed-end fund’s stock valued at $4,380,000 after acquiring an additional 66,178 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

Shares of HIO traded down $0.04 during trading hours on Wednesday, reaching $3.21. 403,004 shares of the company’s stock traded hands, compared to its average volume of 396,570. Western Asset High Income Opportunity Fund Inc. has a 12 month low of $3.21 and a 12 month high of $3.89. The firm’s 50 day simple moving average is $3.43 and its 200-day simple moving average is $3.56.

Western Asset High Income Opportunity Fund (NYSE:HIO) last announced its earnings results on Thursday, August 20th. The closed-end fund reported $0.08 earnings per share for the quarter.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.0355 per share. The ex-dividend date is Friday, November 20th. This represents a $0.43 annualized dividend and a dividend yield of 13.3%.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund (NYSE:HIO) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade, or high-yield, debt securities issued by corporations and other borrowers.

Its portfolio may include bonds and other fixed-income instruments issued by companies in the United States and international markets, including emerging markets.