Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 11,816 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average cost of $4.94 per share, for a total transaction of $58,371.04. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, April 4th, Saba Capital Management, L.P. purchased 74,951 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.90 per share, for a total transaction of $367,259.90.
  • On Tuesday, April 2nd, Saba Capital Management, L.P. purchased 40,289 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.86 per share, for a total transaction of $195,804.54.
  • On Tuesday, January 29th, Saba Capital Management, L.P. purchased 23,985 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.70 per share, for a total transaction of $112,729.50.
  • On Friday, January 25th, Saba Capital Management, L.P. purchased 236,025 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.63 per share, for a total transaction of $1,092,795.75.
  • On Wednesday, January 23rd, Saba Capital Management, L.P. purchased 23,900 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.62 per share, for a total transaction of $110,418.00.
  • On Thursday, January 17th, Saba Capital Management, L.P. purchased 69,207 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were acquired at an average cost of $4.65 per share, for a total transaction of $321,812.55.

HIO opened at $4.91 on Friday. Western Asst High Incm Opprtnty Fnd Inc. has a twelve month low of $4.14 and a twelve month high of $4.99.

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be issued a dividend of $0.029 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.09%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackay Shields LLC bought a new stake in shares of Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at approximately $44,000. Magnus Financial Group LLC bought a new stake in shares of Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at approximately $61,000. Sentinel Trust Co. LBA bought a new stake in shares of Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at approximately $96,000. City of London Investment Management Co. Ltd. bought a new stake in shares of Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at approximately $162,000. Finally, FDx Advisors Inc. bought a new stake in shares of Western Asst High Incm Opprtnty Fnd during the fourth quarter valued at approximately $201,000.

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About Western Asst High Incm Opprtnty Fnd

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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