Insider Buying: Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Director Buys $20,047.96 in Stock

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Director Hillary A. Sale purchased 5,167 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was purchased at an average cost of $3.88 per share, for a total transaction of $20,047.96. Following the completion of the acquisition, the director now directly owns 5,167 shares of the company’s stock, valued at approximately $20,047.96. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Western Asset High Income Opportunity Fund Price Performance

NYSE HIO opened at $3.88 on Thursday. The firm’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $3.93. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.36 and a 12-month high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.0355 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.43 annualized dividend and a dividend yield of 10.98%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in HIO. Fourpath Capital Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $61,000. Choreo LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $58,000. Strategic Financial Concepts LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $82,000. Atria Wealth Solutions Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock worth $419,000 after buying an additional 3,584 shares during the period. Finally, Corps Capital Advisors LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $98,000.

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.