Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Short Interest Up 724.5% in January

Posted by Mickey Rousseau on Jan 30th, 2025

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 857,500 shares, a growth of 724.5% from the December 31st total of 104,000 shares. Based on an average daily trading volume, of 450,100 shares, the short-interest ratio is currently 1.9 days.

Western Asset High Income Opportunity Fund Price Performance

NYSE:HIO opened at $3.93 on Thursday. Western Asset High Income Opportunity Fund has a 12-month low of $3.69 and a 12-month high of $4.07. The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.95.

Western Asset High Income Opportunity Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 27th will be given a $0.0355 dividend. This represents a yield of 10.81%. The ex-dividend date is Friday, January 24th. This is a positive change from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

Institutional Trading of Western Asset High Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in HIO. Sequoia Financial Advisors LLC bought a new stake in Western Asset High Income Opportunity Fund during the third quarter worth about $40,000. Horizon Kinetics Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the third quarter valued at approximately $41,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the third quarter valued at approximately $57,000. Choreo LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $58,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the second quarter valued at approximately $59,000.

Western Asset High Income Opportunity Fund Company Profile

(Get Free Report)

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.