Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Sees Large Increase in Short Interest

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 219,800 shares, a growth of 163.9% from the October 15th total of 83,300 shares. Based on an average daily volume of 370,400 shares, the days-to-cover ratio is currently 0.6 days.

Western Asset High Income Opportunity Fund Trading Down 1.4 %

Shares of HIO opened at $3.91 on Friday. The stock has a 50 day moving average price of $4.00 and a 200 day moving average price of $3.89. Western Asset High Income Opportunity Fund has a one year low of $3.69 and a one year high of $4.07.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Large investors have recently modified their holdings of the business. Raymond James Trust N.A. lifted its stake in Western Asset High Income Opportunity Fund by 23.0% during the 2nd quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after acquiring an additional 3,361 shares in the last quarter. RFG Advisory LLC lifted its stake in Western Asset High Income Opportunity Fund by 1.1% during the 2nd quarter. RFG Advisory LLC now owns 492,947 shares of the closed-end fund’s stock worth $1,878,000 after acquiring an additional 5,175 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Western Asset High Income Opportunity Fund by 2.2% during the 2nd quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after acquiring an additional 5,682 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Western Asset High Income Opportunity Fund by 25.7% during the 3rd quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock worth $115,000 after acquiring an additional 5,802 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Western Asset High Income Opportunity Fund by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after acquiring an additional 6,000 shares in the last quarter.

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.