Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Sees Large Decline in Short Interest

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 47,600 shares, a decline of 66.2% from the September 15th total of 140,700 shares. Based on an average daily trading volume, of 380,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 380,800 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset High Income Opportunity Fund Stock Performance

HIO stock opened at $3.78 on Monday. Western Asset High Income Opportunity Fund has a one year low of $3.36 and a one year high of $4.15. The company has a fifty day moving average of $3.92 and a 200-day moving average of $3.89.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be given a dividend of $0.0355 per share. The ex-dividend date is Friday, October 24th. This represents a c) annualized dividend and a yield of 11.3%.

Institutional Trading of Western Asset High Income Opportunity Fund

Several hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. grew its holdings in Western Asset High Income Opportunity Fund by 8.4% during the first quarter. Oppenheimer & Co. Inc. now owns 74,042 shares of the closed-end fund’s stock worth $295,000 after acquiring an additional 5,749 shares during the period. HighTower Advisors LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 14.1% in the 1st quarter. HighTower Advisors LLC now owns 21,071 shares of the closed-end fund’s stock valued at $84,000 after purchasing an additional 2,603 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 37.2% in the second quarter. Park Avenue Securities LLC now owns 22,662 shares of the closed-end fund’s stock valued at $90,000 after purchasing an additional 6,149 shares during the period. Choreo LLC boosted its holdings in Western Asset High Income Opportunity Fund by 30.9% during the first quarter. Choreo LLC now owns 19,448 shares of the closed-end fund’s stock worth $77,000 after buying an additional 4,593 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in Western Asset High Income Opportunity Fund by 14.1% during the first quarter. Atria Wealth Solutions Inc. now owns 121,700 shares of the closed-end fund’s stock worth $488,000 after buying an additional 15,000 shares during the period.

About Western Asset High Income Opportunity Fund

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.