Ivy High Income Opportunities Fund (NYSE:IVH) Trading Down 1.6%

Shares of Ivy High Income Opportunities Fund (NYSE:IVH) dropped 1.6% during trading on Wednesday . The company traded as low as $11.96 and last traded at $12.03. Approximately 121,392 shares were traded during trading, an increase of 56% from the average daily volume of 77,802 shares. The stock had previously closed at $12.23.

The company’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $11.27.

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Tuesday, September 15th.

A number of institutional investors and hedge funds have recently made changes to their positions in IVH. Wells Fargo & Company MN raised its holdings in Ivy High Income Opportunities Fund by 17.6% in the 1st quarter. Wells Fargo & Company MN now owns 561,732 shares of the company’s stock valued at $5,842,000 after acquiring an additional 83,959 shares during the period. Saba Capital Management L.P. grew its position in shares of Ivy High Income Opportunities Fund by 56.0% in the first quarter. Saba Capital Management L.P. now owns 503,407 shares of the company’s stock valued at $5,235,000 after purchasing an additional 180,732 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Ivy High Income Opportunities Fund during the first quarter worth approximately $4,219,000. Guggenheim Capital LLC lifted its holdings in Ivy High Income Opportunities Fund by 2.2% during the 1st quarter. Guggenheim Capital LLC now owns 387,497 shares of the company’s stock worth $4,031,000 after purchasing an additional 8,274 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Ivy High Income Opportunities Fund by 26.5% in the 1st quarter. Morgan Stanley now owns 216,971 shares of the company’s stock valued at $2,256,000 after purchasing an additional 45,441 shares during the period.

About Ivy High Income Opportunities Fund (NYSE:IVH)

Ivy Funds – Ivy High Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Ivy Investment Management Company. The fund invests in fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in high-yield corporate bonds of various maturities, secured loans, and other corporate fixed-income instruments, which are rated below investment grade (below Baa3 by Moody's or below BBB- by either S&P or Fitch).

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