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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 143,762 shares, a growth of 64.5% from the July 30th total of 87,388 shares. Based on an average trading volume of 337,865 shares, the short-interest ratio is presently 0.4 days.

Western Asset High Income Opportunity Fund Stock Up 0.3%

HIO traded up $0.01 during trading on Monday, reaching $3.49. The stock had a trading volume of 398,719 shares, compared to its average volume of 365,746. Western Asset High Income Opportunity Fund has a one year low of $3.46 and a one year high of $4.05. The business has a 50-day moving average of $3.58 and a 200-day moving average of $3.64.

Western Asset High Income Opportunity Fund (NYSE:HIOGet Free Report) last released its quarterly earnings results on Thursday, August 20th. The closed-end fund reported $0.08 earnings per share for the quarter.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Trading of Western Asset High Income Opportunity Fund

Hedge funds have recently bought and sold shares of the company. Kanen Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth approximately $1,448,000. Jane Street Group LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter valued at $139,000. Geneos Wealth Management Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund by 807.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 10,429 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Western Asset High Income Opportunity Fund by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock valued at $310,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Invesco Ltd. raised its position in Western Asset High Income Opportunity Fund by 1.0% in the 2nd quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock worth $4,006,000 after purchasing an additional 10,194 shares during the period.

About Western Asset High Income Opportunity Fund

(Get Free Report)

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.

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