Shaker Financial Services LLC Sells 323,034 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

Shaker Financial Services LLC lowered its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 50.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 319,464 shares of the closed-end fund’s stock after selling 323,034 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,041,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Eclectic Associates Inc. ADV bought a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $46,000. Private Advisor Group LLC bought a new stake in Western Asset High Income Opportunity Fund in the first quarter valued at approximately $60,000. Wedbush Securities Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund by 84.0% in the second quarter. Wedbush Securities Inc. now owns 21,793 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 9,950 shares during the last quarter. First Nebraska Trust Co purchased a new position in shares of Western Asset High Income Opportunity Fund in the first quarter worth $80,000. Finally, Fifth Third Bancorp purchased a new stake in Western Asset High Income Opportunity Fund during the 1st quarter valued at $83,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO stock traded down $0.04 during mid-day trading on Wednesday, reaching $3.21. The stock had a trading volume of 403,004 shares, compared to its average volume of 396,570. The stock’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.56. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.21 and a 52-week high of $3.89.

Western Asset High Income Opportunity Fund (NYSE:HIO) last posted its earnings results on Thursday, August 20th. The closed-end fund reported $0.08 earnings per share for the quarter.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Friday, November 20th.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund (NYSE:HIO) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade, or high-yield, debt securities issued by corporations and other borrowers.

Its portfolio may include bonds and other fixed-income instruments issued by companies in the United States and international markets, including emerging markets.