Western Asst High Incm Opprtnty Fnd Inc. (HIO) Shares Bought by Saba Capital Management L.P.

Saba Capital Management L.P. lifted its position in Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) by 152.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,082,341 shares of the closed-end fund’s stock after buying an additional 4,882,194 shares during the quarter. Western Asst High Incm Opprtnty Fnd accounts for about 2.2% of Saba Capital Management L.P.’s investment portfolio, making the stock its 5th biggest holding. Saba Capital Management L.P. owned about 0.06% of Western Asst High Incm Opprtnty Fnd worth $38,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HIO. Uncommon Cents Investing LLC bought a new stake in shares of Western Asst High Incm Opprtnty Fnd in the 4th quarter valued at approximately $103,000. Landscape Capital Management L.L.C. lifted its holdings in Western Asst High Incm Opprtnty Fnd by 45.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 225,810 shares of the closed-end fund’s stock worth $1,145,000 after purchasing an additional 70,178 shares during the last quarter. FCA Corp TX lifted its holdings in Western Asst High Incm Opprtnty Fnd by 1.4% in the 4th quarter. FCA Corp TX now owns 943,078 shares of the closed-end fund’s stock worth $4,781,000 after purchasing an additional 12,987 shares during the last quarter. MML Investors Services LLC lifted its holdings in Western Asst High Incm Opprtnty Fnd by 20.7% in the 4th quarter. MML Investors Services LLC now owns 133,107 shares of the closed-end fund’s stock worth $675,000 after purchasing an additional 22,809 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Western Asst High Incm Opprtnty Fnd in the 4th quarter worth approximately $243,000.

HIO opened at $4.86 on Thursday. Western Asst High Incm Opprtnty Fnd Inc. has a twelve month low of $4.74 and a twelve month high of $5.21.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 1st. Investors of record on Friday, July 20th will be issued a $0.0265 dividend. The ex-dividend date of this dividend is Thursday, July 19th. This represents a $0.32 annualized dividend and a yield of 6.54%.

Western Asst High Incm Opprtnty Fnd Profile

Western Asset High Income Opportunity Fund Inc is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights.

Want to see what other hedge funds are holding HIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO).

Institutional Ownership by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

Receive News & Ratings for Western Asst High Incm Opprtnty Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asst High Incm Opprtnty Fnd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply