Western Asset High Income Opportunity Fund (NYSE:HIO) Posts Quarterly Earnings Results

Western Asset High Income Opportunity Fund (NYSE:HIO) announced its earnings results on Thursday. The closed-end fund reported $0.08 earnings per share (EPS) for the quarter, Zacks reports.

Western Asset High Income Opportunity Fund Trading Down 0.4%

HIO stock traded down $0.01 during trading on Thursday, hitting $3.54. 26,533 shares of the stock traded hands, compared to its average volume of 366,432. Western Asset High Income Opportunity Fund has a one year low of $3.47 and a one year high of $4.05. The company has a 50 day simple moving average of $3.60 and a 200 day simple moving average of $3.65.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0355 per share. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Western Asset High Income Opportunity Fund by 19.7% in the fourth quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after acquiring an additional 201,345 shares during the period. Wells Fargo & Company MN lifted its position in shares of Western Asset High Income Opportunity Fund by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock valued at $2,880,000 after purchasing an additional 92,096 shares in the last quarter. UBS Group AG raised its stake in shares of Western Asset High Income Opportunity Fund by 59.7% in the third quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock valued at $2,892,000 after buying an additional 281,615 shares during the period. Raymond James Financial Inc. lifted its position in Western Asset High Income Opportunity Fund by 3.2% during the third quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock valued at $2,718,000 after purchasing an additional 21,669 shares during the last quarter. Finally, Kanen Wealth Management LLC boosted its stake in shares of Western Asset High Income Opportunity Fund by 77.4% during the third quarter. Kanen Wealth Management LLC now owns 697,018 shares of the closed-end fund’s stock valued at $2,677,000 after purchasing an additional 304,100 shares during the period.

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.