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 significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 96,833 shares, a decrease of 52.0% from the June 15th total of 201,598 shares. Based on an average trading volume of 324,112 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Institutional investors have recently bought and sold shares of the stock. Laurel Oak Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $40,000. PNC Financial Services Group Inc. boosted its stake in 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 valued at $42,000 after purchasing an additional 5,000 shares in the last quarter. One Capital Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at $43,000. Geneos Wealth Management Inc. lifted its holdings 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 valued at $47,000 after buying an additional 10,429 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the third quarter valued at $47,000.

Western Asset High Income Opportunity Fund Trading Down 0.4%

Shares of NYSE:HIO opened at $3.63 on Tuesday. The company’s 50-day moving average price is $3.63 and its 200 day moving average price is $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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.0355 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 11.7%.

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.