Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Director Anthony Grillo Purchases 3,000 Shares

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Director Anthony Grillo bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $3.84 per share, with a total value of $11,520.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $11,520. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Western Asset High Income Opportunity Fund Trading Up 0.3%

Shares of HIO opened at $3.87 on Friday. The firm has a 50-day moving average price of $3.82 and a 200 day moving average price of $3.93. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.36 and a 52-week high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be given a $0.0355 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.43 dividend on an annualized basis and a yield of 11.01%.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position 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 valued at $47,000 after buying an additional 10,429 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 1st quarter valued at about $139,000. Cape Investment Advisory Inc. bought a new position in shares of Western Asset High Income Opportunity Fund during the 1st quarter valued at about $98,000. Evergreen Capital Management LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 4.8% during the 1st quarter. Evergreen Capital Management LLC now owns 571,166 shares of the closed-end fund’s stock valued at $2,293,000 after purchasing an additional 25,947 shares in the last quarter. Finally, Elequin Capital LP bought a new position in shares of Western Asset High Income Opportunity Fund during the 1st quarter valued at about $49,000.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.