Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 686,000 shares, a growth of 44.2% from the February 13th total of 475,800 shares. Based on an average daily volume of 513,900 shares, the short-interest ratio is presently 1.3 days.
Western Asset High Income Opportunity Fund Price Performance
Shares of HIO traded down $0.01 during trading hours on Monday, reaching $4.07. 335,269 shares of the company’s stock traded hands, compared to its average volume of 426,818. The business’s fifty day simple moving average is $3.99 and its two-hundred day simple moving average is $3.98. Western Asset High Income Opportunity Fund has a twelve month low of $3.69 and a twelve month high of $4.15.
Western Asset High Income Opportunity Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.0355 per share. This represents a $0.43 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend is Monday, March 24th.
Institutional Inflows and Outflows
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.
Read More
- Five stocks we like better than Western Asset High Income Opportunity Fund
- What is the Dogs of the Dow Strategy? Overview and Examples
- Can TikTok Stock Picks Really Make You Rich?
- Which Wall Street Analysts are the Most Accurate?
- The “Quality” Rotation: Back to Basics Investing
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Western Asset High Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.