Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 134,900 shares, a growth of 135.0% from the May 31st total of 57,400 shares. Based on an average daily volume of 392,900 shares, the short-interest ratio is currently 0.3 days.
Western Asset High Income Opportunity Fund Stock Performance
Shares of HIO stock opened at $3.81 on Friday. Western Asset High Income Opportunity Fund has a one year low of $3.52 and a one year high of $4.03. The company’s fifty day moving average price is $3.77 and its 200-day moving average price is $3.86.
Western Asset High Income Opportunity Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be paid a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 11.34%. This is a boost from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.04. The ex-dividend date is Wednesday, July 24th.
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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