Wolverine Asset Management LLC Invests $1.02 Million in Western Asset High Income Opportunity Fund Inc. $HIO

Wolverine Asset Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 265,356 shares of the closed-end fund’s stock, valued at approximately $1,019,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shaker Financial Services LLC boosted its holdings in Western Asset High Income Opportunity Fund by 5.6% in the third quarter. Shaker Financial Services LLC now owns 210,902 shares of the closed-end fund’s stock worth $817,000 after acquiring an additional 11,158 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 504.8% during the third 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. Geneos Wealth Management Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 98.0% during the second quarter. Geneos Wealth Management Inc. now owns 23,202 shares of the closed-end fund’s stock worth $92,000 after buying an additional 11,481 shares during the period. Jane Street Group LLC raised its stake in Western Asset High Income Opportunity Fund by 15.7% in the 2nd quarter. Jane Street Group LLC now owns 40,270 shares of the closed-end fund’s stock worth $160,000 after acquiring an additional 5,462 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Western Asset High Income Opportunity Fund by 13.6% during the 2nd quarter. First Trust Advisors LP now owns 274,670 shares of the closed-end fund’s stock worth $1,093,000 after acquiring an additional 32,846 shares during the period.

Western Asset High Income Opportunity Fund Trading Down 0.4%

Western Asset High Income Opportunity Fund stock opened at $3.73 on Friday. The business’s 50-day simple moving average is $3.75 and its two-hundred day simple moving average is $3.86. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

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

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.