Shaker Financial Services LLC Purchases 402,861 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

Shaker Financial Services LLC increased its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 191.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,763 shares of the closed-end fund’s stock after purchasing an additional 402,861 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $2,277,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 6,330 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 worth $47,000 after purchasing an additional 10,429 shares in the last quarter. Citadel Advisors LLC bought a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $47,000. Finally, Integrity Advisory Solutions LLC bought a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $50,000.

Western Asset High Income Opportunity Fund Trading Up 0.7%

Shares of Western Asset High Income Opportunity Fund stock opened at $3.75 on Friday. The firm’s 50-day moving average is $3.71 and its 200 day moving average is $3.75. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.52 and a 1 year high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.0355 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 11.4%.

Western Asset High Income Opportunity Fund 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.