Western Asst High Incm Opprtnty Fnd Inc. (HIO) Major Shareholder Buys $1,703,812.50 in Stock

Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 365,625 shares of the stock in a transaction dated Thursday, January 10th. The shares were bought at an average price of $4.66 per share, for a total transaction of $1,703,812.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Western Asst High Incm Opprtnty Fnd stock opened at $4.67 on Friday. Western Asst High Incm Opprtnty Fnd Inc. has a 12 month low of $4.14 and a 12 month high of $5.12.

The business also recently declared a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.0265 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Thursday, February 14th.

Institutional investors have recently bought and sold shares of the company. Bramshill Investments LLC boosted its holdings in Western Asst High Incm Opprtnty Fnd by 17.4% in the second quarter. Bramshill Investments LLC now owns 2,707,646 shares of the closed-end fund’s stock worth $13,051,000 after purchasing an additional 401,970 shares in the last quarter. BlackRock Inc. bought a new stake in Western Asst High Incm Opprtnty Fnd in the second quarter worth $2,734,000. Palo Capital Inc. boosted its holdings in Western Asst High Incm Opprtnty Fnd by 4.8% in the third quarter. Palo Capital Inc. now owns 71,411 shares of the closed-end fund’s stock worth $340,000 after purchasing an additional 3,273 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in Western Asst High Incm Opprtnty Fnd by 275.0% in the third quarter. Shaker Financial Services LLC now owns 178,591 shares of the closed-end fund’s stock worth $850,000 after purchasing an additional 130,965 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in Western Asst High Incm Opprtnty Fnd by 4.0% in the third quarter. Vident Investment Advisory LLC now owns 1,093,943 shares of the closed-end fund’s stock worth $5,207,000 after purchasing an additional 42,100 shares in the last quarter.

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About Western Asst High Incm Opprtnty Fnd

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.

Read More: Outstanding Shares and The Effect on Share Price

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