Short Interest in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Expands By 163.9%

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 219,800 shares, an increase of 163.9% from the October 15th total of 83,300 shares. Based on an average daily trading 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 NYSE:HIO opened at $3.91 on Friday. Western Asset High Income Opportunity Fund has a one year low of $3.69 and a one year high of $4.07. The business’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $3.89.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several hedge funds have recently modified their holdings of HIO. Oppenheimer & Co. Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 79.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 68,344 shares of the closed-end fund’s stock valued at $267,000 after buying an additional 30,163 shares during the period. Prevail Innovative Wealth Advisors LLC increased its holdings in Western Asset High Income Opportunity Fund by 35.2% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 162,361 shares of the closed-end fund’s stock worth $633,000 after purchasing an additional 42,257 shares during the last quarter. City of London Investment Management Co. Ltd. increased its holdings in Western Asset High Income Opportunity Fund by 44.4% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 1,025,343 shares of the closed-end fund’s stock worth $3,999,000 after purchasing an additional 315,213 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 1st quarter worth approximately $63,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 1st quarter worth approximately $1,002,000.

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.