Short Interest in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Drops By 59.1%

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 36,121 shares, a decrease of 59.1% from the December 15th total of 88,383 shares. Based on an average daily volume of 735,525 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 735,525 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in Western Asset High Income Opportunity Fund in the second quarter worth approximately $28,000. Farther Finance Advisors LLC grew its position in shares of Western Asset High Income Opportunity Fund by 504.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock worth $29,000 after buying an additional 6,330 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 acquiring an additional 10,429 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $47,000.

Western Asset High Income Opportunity Fund Trading Down 0.4%

Shares of HIO traded down $0.02 during trading hours on Friday, hitting $3.73. 564,614 shares of the stock were exchanged, compared to its average volume of 488,019. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.36 and a fifty-two week high of $4.15. The business has a 50-day moving average of $3.75 and a 200-day moving average of $3.87.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.4%.

Western Asset High Income Opportunity Fund Company Profile

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.