Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Short Interest Down 52.0% in June

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 96,833 shares, a decline of 52.0% from the June 15th total of 201,598 shares. Based on an average daily trading volume, of 324,112 shares, the days-to-cover ratio is currently 0.3 days.

Western Asset High Income Opportunity Fund Stock Down 0.4%

NYSE:HIO opened at $3.63 on Tuesday. The business’s 50 day moving average is $3.63 and its two-hundred day moving average is $3.68. Western Asset High Income Opportunity Fund has a 52 week low of $3.52 and a 52 week high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

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

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased 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 position in shares of Western Asset High Income Opportunity Fund by 20.7% in the 4th quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock worth $75,000 after buying an additional 3,486 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings 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 buying an additional 4,559 shares during the period. PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 5,000 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Western Asset High Income Opportunity Fund by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after buying an additional 5,080 shares during the last quarter.

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.