Quadrature Capital Ltd Purchases Shares of 25,656 Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Quadrature Capital Ltd purchased a new stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,656 shares of the closed-end fund’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIO. Axxcess Wealth Management LLC acquired a new stake in Western Asset High Income Opportunity Fund in the 3rd quarter valued at $165,000. Capital Investment Advisors LLC grew its position in shares of Western Asset High Income Opportunity Fund by 0.9% in the 4th quarter. Capital Investment Advisors LLC now owns 3,063,534 shares of the closed-end fund’s stock valued at $11,825,000 after acquiring an additional 28,041 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Western Asset High Income Opportunity Fund by 2.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 194,237 shares of the closed-end fund’s stock valued at $750,000 after acquiring an additional 5,253 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Western Asset High Income Opportunity Fund by 10.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,095,947 shares of the closed-end fund’s stock valued at $4,230,000 after acquiring an additional 100,000 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew 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 acquiring an additional 3,967 shares during the period.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO opened at $3.81 on Friday. The firm has a 50-day moving average of $3.77 and a 200-day moving average of $3.86. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.52 and a one year high of $4.03.

Western Asset High Income Opportunity Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be given a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date of this dividend is Wednesday, July 24th. This is an increase from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.04.

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.