Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) to Issue $0.04 Monthly Dividend

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.0355 per share by the closed-end fund on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Tuesday, June 23rd.

Western Asset High Income Opportunity Fund Trading Up 0.1%

Shares of Western Asset High Income Opportunity Fund stock traded up $0.01 on Thursday, hitting $3.63. The company had a trading volume of 163,531 shares, compared to its average volume of 383,654. The business has a 50-day simple moving average of $3.67 and a 200-day simple moving average of $3.73. Western Asset High Income Opportunity Fund has a 52 week low of $3.52 and a 52 week high of $4.05.

Institutional Trading of Western Asset High Income Opportunity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Western Asset High Income Opportunity Fund by 3.5% during the fourth quarter. Cetera Investment Advisers now owns 98,413 shares of the closed-end fund’s stock valued at $365,000 after purchasing an additional 3,341 shares during the last quarter. Merit Financial Group LLC lifted its stake in Western Asset High Income Opportunity Fund by 20.7% during the fourth quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock valued at $75,000 after purchasing an additional 3,486 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 1.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 398,939 shares of the closed-end fund’s stock valued at $1,480,000 after acquiring an additional 4,559 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Western Asset High Income Opportunity Fund by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after acquiring an additional 5,080 shares in the last quarter.

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.