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

Rivernorth Capital Management LLC lowered its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 49.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Penserra Capital Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth $4,858,000. Pathstone Holdings LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 32.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock valued at $12,011,000 after purchasing an additional 722,483 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Western Asset High Income Opportunity Fund by 65.6% in 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 in the last quarter. Raymond James & Associates raised its holdings in Western Asset High Income Opportunity Fund by 170.4% during the 2nd quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock worth $2,352,000 after buying an additional 389,067 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in Western Asset High Income Opportunity Fund by 4.2% during the third quarter. Capital Investment Advisors LLC now owns 3,410,702 shares of the closed-end fund’s stock valued at $13,813,000 after buying an additional 136,419 shares in the last quarter.

Western Asset High Income Opportunity Fund Trading Down 0.8 %

Shares of HIO opened at $3.96 on Friday. The company has a 50-day moving average of $3.98 and a two-hundred day moving average of $3.92. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.69 and a one year high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

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

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.