Insider Buying: Western Asst High Incm Opprtnty Fnd Inc. (HIO) Major Shareholder Buys 11,816 Shares of Stock

Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 11,816 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $4.94 per share, for a total transaction of $58,371.04. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, April 4th, Saba Capital Management, L.P. bought 74,951 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.90 per share, for a total transaction of $367,259.90.
  • On Tuesday, April 2nd, Saba Capital Management, L.P. bought 40,289 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.86 per share, for a total transaction of $195,804.54.
  • On Tuesday, January 29th, Saba Capital Management, L.P. bought 23,985 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.70 per share, for a total transaction of $112,729.50.
  • On Friday, January 25th, Saba Capital Management, L.P. bought 236,025 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.63 per share, for a total transaction of $1,092,795.75.
  • On Wednesday, January 23rd, Saba Capital Management, L.P. bought 23,900 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.62 per share, for a total transaction of $110,418.00.
  • On Thursday, January 17th, Saba Capital Management, L.P. bought 69,207 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was bought at an average price of $4.65 per share, for a total transaction of $321,812.55.

Shares of HIO stock opened at $4.98 on Wednesday. Western Asst High Incm Opprtnty Fnd Inc. has a 12-month low of $4.14 and a 12-month high of $4.99.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, May 23rd.

A number of hedge funds have recently modified their holdings of HIO. Palo Capital Inc. boosted its stake in shares of Western Asst High Incm Opprtnty Fnd by 4.8% during the 3rd quarter. Palo Capital Inc. now owns 71,411 shares of the closed-end fund’s stock worth $340,000 after acquiring an additional 3,273 shares during the last quarter. Morgan Stanley boosted its stake in shares of Western Asst High Incm Opprtnty Fnd by 1.3% during the 3rd quarter. Morgan Stanley now owns 4,025,518 shares of the closed-end fund’s stock worth $19,162,000 after acquiring an additional 53,087 shares during the last quarter. FDx Advisors Inc. purchased a new position in shares of Western Asst High Incm Opprtnty Fnd during the 4th quarter worth $201,000. Bramshill Investments LLC boosted its stake in shares of Western Asst High Incm Opprtnty Fnd by 70.2% during the 3rd quarter. Bramshill Investments LLC now owns 4,609,172 shares of the closed-end fund’s stock worth $22,017,000 after acquiring an additional 1,901,526 shares during the last quarter. Finally, RMB Capital Management LLC boosted its stake in shares of Western Asst High Incm Opprtnty Fnd by 813.6% during the 4th quarter. RMB Capital Management LLC now owns 436,350 shares of the closed-end fund’s stock worth $1,911,000 after acquiring an additional 388,591 shares during the last quarter.

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Western Asst High Incm Opprtnty Fnd Company 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.

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Insider Buying and Selling by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

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