Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Position Decreased by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 82.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,505 shares of the closed-end fund’s stock after selling 36,308 shares during the quarter. Wolverine Asset Management LLC’s holdings in Western Asset High Income Opportunity Fund were worth $29,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HIO. Jump Financial LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the third quarter valued at $49,000. Reuter James Wealth Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $56,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $90,000. Landscape Capital Management L.L.C. lifted its holdings in shares of Western Asset High Income Opportunity Fund by 44.4% during the third quarter. Landscape Capital Management L.L.C. now owns 29,149 shares of the closed-end fund’s stock valued at $106,000 after purchasing an additional 8,966 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Western Asset High Income Opportunity Fund by 15.9% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,990 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 3,967 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO opened at $3.76 on Monday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.52 and a 1 year high of $4.03. The stock’s 50-day moving average price is $3.88 and its two-hundred day moving average price is $3.84.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 11.33%.

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.