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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 857,500 shares, a growth of 724.5% from the December 15th total of 104,000 shares. Based on an average trading volume of 450,100 shares, the days-to-cover ratio is currently 1.9 days.

Western Asset High Income Opportunity Fund Price Performance

HIO remained flat at $3.93 during trading on Monday. The company had a trading volume of 254,714 shares, compared to its average volume of 538,670. The business’s 50 day moving average price is $3.96 and its 200 day moving average price is $3.95. Western Asset High Income Opportunity Fund has a 52-week low of $3.69 and a 52-week high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.43 dividend on an annualized basis and a yield of 10.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $40,000. Horizon Kinetics Asset Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $41,000. Litman Gregory Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $57,000. Sanctuary Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 2nd quarter worth $59,000. Finally, Encompass More Asset Management acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $62,000.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.