Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Rating) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 63,000 shares, a decrease of 39.2% from the March 15th total of 103,700 shares. Based on an average trading volume of 342,900 shares, the short-interest ratio is presently 0.2 days.
NYSE:HIO traded down $0.06 during trading hours on Friday, reaching $4.34. The company had a trading volume of 262,306 shares, compared to its average volume of 331,993. The stock has a 50-day moving average of $4.52 and a two-hundred day moving average of $4.89. Western Asset High Income Opportunity Fund has a one year low of $4.33 and a one year high of $5.43.
The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date is Friday, May 20th.
About Western Asset High Income Opportunity Fund (Get Rating)
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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