Sit Investment Associates Inc. Purchases 556,840 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

Sit Investment Associates Inc. boosted its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 33.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,235,264 shares of the closed-end fund’s stock after buying an additional 556,840 shares during the period. Sit Investment Associates Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $8,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HIO. Rareview Capital LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $2,279,000. Shaker Financial Services LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 191.0% in the fourth quarter. Shaker Financial Services LLC now owns 613,763 shares of the closed-end fund’s stock worth $2,277,000 after buying an additional 402,861 shares in the last quarter. Readystate Asset Management LP raised its holdings in shares of Western Asset High Income Opportunity Fund by 410.1% during the 4th quarter. Readystate Asset Management LP now owns 477,054 shares of the closed-end fund’s stock worth $1,770,000 after acquiring an additional 383,537 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 141.4% in the 4th quarter. Wolverine Asset Management LLC now owns 640,496 shares of the closed-end fund’s stock valued at $2,376,000 after purchasing an additional 375,140 shares during the last quarter. Finally, Kanen Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund in the first quarter worth $1,448,000.

Western Asset High Income Opportunity Fund Trading Up 0.1%

Shares of NYSE HIO opened at $3.63 on Friday. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $4.05. The business’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.70.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

Western Asset High Income Opportunity Fund 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.