Absolute Investment Advisers LLC Purchases Shares of 327,231 Western Asset High Income Opportunity Fund Inc. $HIO

Absolute Investment Advisers LLC purchased a new stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 327,231 shares of the closed-end fund’s stock, valued at approximately $1,225,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Shaker Financial Services LLC lifted its stake in Western Asset High Income Opportunity Fund by 191.0% in the fourth quarter. Shaker Financial Services LLC now owns 613,763 shares of the closed-end fund’s stock valued at $2,277,000 after acquiring an additional 402,861 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 20.7% during the 4th quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock worth $75,000 after buying an additional 3,486 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $124,000. Susquehanna International Group LLP acquired a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth about $404,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth about $127,000.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO opened at $3.71 on Wednesday. The firm has a 50-day moving average of $3.70 and a 200-day moving average of $3.75. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.52 and a 52-week high of $4.05.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.0355 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 11.5%.

Western Asset High Income Opportunity Fund Profile

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.