Absolute Investment Advisers LLC Has $1.70 Million Holdings in Western Asset High Income Opportunity Fund Inc. $HIO

Absolute Investment Advisers LLC increased its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 43.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,158 shares of the closed-end fund’s stock after purchasing an additional 141,927 shares during the period. Absolute Investment Advisers LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,703,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HIO. Rareview Capital LLC bought a new position in Western Asset High Income Opportunity Fund during the fourth quarter valued at about $2,279,000. Sit Investment Associates Inc. boosted its stake in shares of Western Asset High Income Opportunity Fund by 33.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after acquiring an additional 556,840 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 191.0% during the 4th quarter. Shaker Financial Services LLC now owns 613,763 shares of the closed-end fund’s stock valued at $2,277,000 after acquiring an additional 402,861 shares during the last quarter. Readystate Asset Management LP increased its holdings in shares of Western Asset High Income Opportunity Fund by 410.1% during the 4th quarter. Readystate Asset Management LP now owns 477,054 shares of the closed-end fund’s stock valued at $1,770,000 after acquiring an additional 383,537 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Western Asset High Income Opportunity Fund by 141.4% in the 4th quarter. Wolverine Asset Management LLC now owns 640,496 shares of the closed-end fund’s stock valued at $2,376,000 after acquiring an additional 375,140 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

HIO opened at $3.60 on Monday. The business has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.69. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.52 and a twelve month 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. Stockholders of record on Monday, August 24th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%.

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.