Western Asset High Income Opportunity Fund Inc. $HIO Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 3,361,984 shares of the closed-end fund’s stock after selling 168,202 shares during the period. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $13,381,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HIO. Kanen Wealth Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the first quarter worth approximately $1,448,000. Virtu Financial LLC boosted its stake in shares of Western Asset High Income Opportunity Fund by 481.0% in the first quarter. Virtu Financial LLC now owns 95,003 shares of the closed-end fund’s stock worth $378,000 after acquiring an additional 78,650 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Western Asset High Income Opportunity Fund by 9.5% in the first quarter. Raymond James Financial Inc. now owns 768,627 shares of the closed-end fund’s stock worth $3,059,000 after acquiring an additional 66,636 shares during the last quarter. Evanson Asset Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the second quarter worth approximately $243,000. Finally, Jane Street Group LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the first quarter worth approximately $139,000.

Western Asset High Income Opportunity Fund Stock Up 0.1%

Shares of NYSE:HIO opened at $3.83 on Tuesday. The business’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.91. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.36 and a 1 year 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 Monday, November 3rd. Shareholders of record on Friday, October 24th will be paid a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 11.1%.

Insiders Place Their Bets

In related news, Director Peter Daniel Charles Mason acquired 10,000 shares of the stock in a transaction on Monday, July 14th. The shares were bought at an average price of $4.02 per share, with a total value of $40,200.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $40,200. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Western Asset High Income Opportunity Fund Profile

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.