Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Holdings Decreased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC reduced its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 49.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its holdings in shares of Western Asset High Income Opportunity Fund by 23.0% during the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares during the period. Pathway Financial Advisers LLC raised its stake in Western Asset High Income Opportunity Fund by 2.2% during the second quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after acquiring an additional 5,682 shares during the period. Avior Wealth Management LLC lifted its holdings in Western Asset High Income Opportunity Fund by 25.7% in the third quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock worth $115,000 after acquiring an additional 5,802 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Western Asset High Income Opportunity Fund by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock valued at $2,152,000 after acquiring an additional 6,000 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the third quarter valued at approximately $40,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO opened at $3.96 on Friday. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.69 and a 12-month high of $4.07. The stock’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $3.92.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date of this dividend is Monday, December 23rd.

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.