Wolverine Asset Management LLC Makes New Investment in Western Asset High Income Opportunity Fund Inc. $HIO

Wolverine Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 265,356 shares of the closed-end fund’s stock, valued at approximately $1,019,000.

Several other hedge funds also recently bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new stake in shares of Western Asset High Income Opportunity Fund during the second quarter valued at $28,000. Farther Finance Advisors LLC increased its position in shares of Western Asset High Income Opportunity Fund by 504.8% during the third quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock worth $29,000 after acquiring an additional 6,330 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Western Asset High Income Opportunity Fund by 807.2% during the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 10,429 shares during the period. Accredited Investor Services LLC raised its stake in shares of Western Asset High Income Opportunity Fund by 55.1% during the second quarter. Accredited Investor Services LLC now owns 17,269 shares of the closed-end fund’s stock valued at $69,000 after acquiring an additional 6,137 shares in the last quarter. Finally, Occidental Asset Management LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the second quarter valued at approximately $74,000.

Western Asset High Income Opportunity Fund Stock Performance

HIO opened at $3.73 on Friday. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.36 and a 52 week high of $4.15. The stock’s fifty day moving average is $3.75 and its two-hundred day moving average is $3.86.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.0355 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 11.4%.

About Western Asset High Income Opportunity Fund

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.