Penserra Capital Management LLC Raises Stock Holdings in Western Asset High Income Opportunity Fund Inc. $HIO

Penserra Capital Management LLC grew its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 16.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,429,226 shares of the closed-end fund’s stock after acquiring an additional 200,675 shares during the quarter. Penserra Capital Management LLC’s holdings in Western Asset High Income Opportunity Fund were worth $5,488,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HIO. Stratos Wealth Partners LTD. grew its stake in shares of Western Asset High Income Opportunity Fund by 72.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 59,675 shares of the closed-end fund’s stock worth $238,000 after buying an additional 25,008 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $194,000. Wolverine Asset Management LLC purchased a new position in Western Asset High Income Opportunity Fund in the third quarter worth about $1,019,000. Envestnet Asset Management Inc. grew its position in Western Asset High Income Opportunity Fund by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 126,879 shares of the closed-end fund’s stock worth $505,000 after acquiring an additional 18,547 shares in the last quarter. Finally, Good Life Advisors LLC increased its stake in Western Asset High Income Opportunity Fund by 35.5% during the second quarter. Good Life Advisors LLC now owns 56,646 shares of the closed-end fund’s stock worth $225,000 after acquiring an additional 14,840 shares during the last quarter.

Western Asset High Income Opportunity Fund Stock Down 0.1%

NYSE:HIO opened at $3.78 on Friday. The business has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.84. 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 monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.0355 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

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.