Rivernorth Capital Management LLC Trims Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Rivernorth Capital Management LLC reduced its stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 49.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,710,662 shares of the closed-end fund’s stock after selling 1,695,806 shares during the period. Rivernorth Capital Management LLC’s holdings in Western Asset High Income Opportunity Fund were worth $6,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter worth about $40,000. Pathway Financial Advisers LLC grew its position 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 purchasing an additional 5,682 shares during the period. Cetera Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 1st quarter worth about $63,000. Wolverine Asset Management LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 2nd quarter worth about $185,000. Finally, Allspring Global Investments Holdings LLC grew its position in Western Asset High Income Opportunity Fund by 65.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock worth $6,917,000 after purchasing an additional 719,434 shares during the period.

Western Asset High Income Opportunity Fund Stock Down 0.7 %

Shares of HIO opened at $3.97 on Thursday. The business’s 50-day moving average is $3.98 and its two-hundred day moving average is $3.91. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.69 and a fifty-two week high of $4.07.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend is Monday, December 23rd.

Western Asset High Income Opportunity Fund 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.