Western Asset High Income Opportunity Fund Inc. (HIO) To Go Ex-Dividend on June 23rd

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.0355 per share by the closed-end fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset High Income Opportunity Fund Stock Down 1.2%

NYSE HIO opened at $3.58 on Friday. Western Asset High Income Opportunity Fund has a 1-year low of $3.52 and a 1-year high of $4.05. The stock’s 50 day moving average is $3.66 and its two-hundred day moving average is $3.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIO. PNC Financial Services Group Inc. lifted its holdings in Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after buying an additional 5,000 shares in the last quarter. Laurel Oak Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $40,000. One Capital Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $43,000. Geneos Wealth Management Inc. boosted its stake in Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth $47,000.

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.