Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 214,900 shares, an increase of 89.3% from the August 15th total of 113,500 shares. Based on an average daily trading volume, of 374,700 shares, the short-interest ratio is currently 0.6 days.
Western Asset High Income Opportunity Fund Stock Up 0.8 %
HIO stock traded up $0.03 during trading on Friday, reaching $4.02. 380,011 shares of the company were exchanged, compared to its average volume of 363,554. The stock’s 50 day moving average price is $3.91 and its 200 day moving average price is $3.86. Western Asset High Income Opportunity Fund has a 52-week low of $3.52 and a 52-week high of $4.03.
Western Asset High Income Opportunity Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.0355 per share. This represents a $0.43 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date is Monday, September 23rd.
Hedge Funds Weigh In On Western Asset High Income Opportunity Fund
Western Asset High Income Opportunity Fund Company Profile
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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