Penserra Capital Management LLC Purchases Shares of 1,199,738 Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Penserra Capital Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,199,738 shares of the closed-end fund’s stock, valued at approximately $4,858,000.

A number of other hedge funds have also made changes to their positions in HIO. Capital Investment Advisors LLC lifted its stake in Western Asset High Income Opportunity Fund by 4.2% during the third quarter. Capital Investment Advisors LLC now owns 3,410,702 shares of the closed-end fund’s stock worth $13,813,000 after purchasing an additional 136,419 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 32.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock worth $12,011,000 after buying an additional 722,483 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Western Asset High Income Opportunity Fund by 65.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock valued at $6,917,000 after buying an additional 719,434 shares in the last quarter. Raymond James & Associates raised its stake in Western Asset High Income Opportunity Fund by 170.4% during the 2nd quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock worth $2,352,000 after acquiring an additional 389,067 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Western Asset High Income Opportunity Fund by 8.1% in the third quarter. Chicago Partners Investment Group LLC now owns 551,872 shares of the closed-end fund’s stock valued at $2,196,000 after acquiring an additional 41,420 shares during the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO opened at $3.95 on Monday. The company has a fifty day moving average of $3.99 and a two-hundred day moving average of $3.90. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a $0.0355 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.78%.

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.