Western Asst High Incm Opprtnty Fnd Inc. (HIO) Major Shareholder Saba Capital Management, L.P. Buys 11,816 Shares of Stock

Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 11,816 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of $4.94 per share, for a total transaction of $58,371.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, April 4th, Saba Capital Management, L.P. purchased 74,951 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $367,259.90.
  • On Tuesday, April 2nd, Saba Capital Management, L.P. purchased 40,289 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was purchased at an average cost of $4.86 per share, for a total transaction of $195,804.54.
  • On Tuesday, January 29th, Saba Capital Management, L.P. purchased 23,985 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was purchased at an average cost of $4.70 per share, for a total transaction of $112,729.50.
  • On Friday, January 25th, Saba Capital Management, L.P. bought 236,025 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.63 per share, with a total value of $1,092,795.75.
  • On Wednesday, January 23rd, Saba Capital Management, L.P. bought 23,900 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.62 per share, with a total value of $110,418.00.
  • On Thursday, January 17th, Saba Capital Management, L.P. bought 69,207 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.65 per share, with a total value of $321,812.55.

Shares of NYSE:HIO opened at $4.98 on Wednesday. Western Asst High Incm Opprtnty Fnd Inc. has a 52-week low of $4.14 and a 52-week high of $4.99.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be given a $0.029 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.35 annualized dividend and a yield of 6.99%.

Large investors have recently made changes to their positions in the stock. Mackay Shields LLC purchased a new position in Western Asst High Incm Opprtnty Fnd in the fourth quarter worth $44,000. Magnus Financial Group LLC purchased a new stake in Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at about $61,000. Sentinel Trust Co. LBA purchased a new stake in Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at about $96,000. City of London Investment Management Co. Ltd. purchased a new stake in Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at about $162,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Western Asst High Incm Opprtnty Fnd during the third quarter valued at about $203,000.

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About Western Asst High Incm Opprtnty Fnd

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.

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Insider Buying and Selling by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

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