Choreo LLC Purchases 4,593 Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Choreo LLC raised its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 30.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,448 shares of the closed-end fund’s stock after purchasing an additional 4,593 shares during the period. Choreo LLC’s holdings in Western Asset High Income Opportunity Fund were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accredited Investor Services LLC bought a new position in Western Asset High Income Opportunity Fund in the first quarter worth approximately $44,000. XTX Topco Ltd purchased a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $69,000. Sigma Planning Corp bought a new position in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth $69,000. Commonwealth Equity Services LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth $78,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 8.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 74,042 shares of the closed-end fund’s stock worth $295,000 after purchasing an additional 5,749 shares during the last quarter.

Insider Activity

In other news, Director Peter Daniel Charles Mason acquired 10,000 shares of Western Asset High Income Opportunity Fund stock in a transaction that occurred on Monday, July 14th. The stock was purchased at an average price of $4.02 per share, for a total transaction of $40,200.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $40,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have purchased 18,167 shares of company stock valued at $71,768.

Western Asset High Income Opportunity Fund Stock Up 0.4%

Shares of HIO stock opened at $3.96 on Friday. The stock’s 50-day moving average is $3.94 and its 200 day moving average is $3.93. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $3.36 and a 1-year high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 25th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a dividend yield of 1,062.0%.

About Western Asset High Income Opportunity Fund

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.