Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get 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:HIO – Get 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
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
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.
See Also
- Five stocks we like better than Western Asset High Income Opportunity Fund
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Western Asset High Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.
