Western Asset High Income Opportunity Fund (NYSE:HIO) Announces Quarterly Earnings Results

Western Asset High Income Opportunity Fund (NYSE:HIO) issued its quarterly earnings data on Thursday. The closed-end fund reported $0.08 earnings per share (EPS) for the quarter, Zacks reports.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO opened at $3.53 on Friday. The business has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.65. Western Asset High Income Opportunity Fund has a 52-week low of $3.47 and a 52-week high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIO. Invesco Ltd. increased its holdings in shares of Western Asset High Income Opportunity Fund by 19.7% in the 4th quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after acquiring an additional 201,345 shares during the period. Wells Fargo & Company MN grew its position in Western Asset High Income Opportunity Fund by 13.5% during the 4th quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock worth $2,880,000 after purchasing an additional 92,096 shares during the last quarter. UBS Group AG grew its position in Western Asset High Income Opportunity Fund by 59.7% during the 3rd quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock worth $2,892,000 after purchasing an additional 281,615 shares during the last quarter. Raymond James Financial Inc. grew its position in Western Asset High Income Opportunity Fund by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock worth $2,718,000 after purchasing an additional 21,669 shares during the last quarter. Finally, Kanen Wealth Management LLC increased its stake in Western Asset High Income Opportunity Fund by 77.4% in the third quarter. Kanen Wealth Management LLC now owns 697,018 shares of the closed-end fund’s stock valued at $2,677,000 after purchasing an additional 304,100 shares during the period.

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.