Western Asset High Income Opportunity Fund Inc (NYSE:HIO) Sentiment Drops in Q4 2018

Sentiment for Western Asset High Income Opportunity Fund Inc (NYSE:HIO)

Western Asset High Income Opportunity Fund Inc (NYSE:HIO) institutional sentiment decreased to 0.94 in 2018 Q4. Its down -1.67, from 2.61 in 2018Q3. The ratio has dropped, as 33 funds increased or started new stock positions, while 35 decreased and sold their stakes in Western Asset High Income Opportunity Fund Inc. The funds in our partner’s database reported: 44.91 million shares, up from 41.86 million shares in 2018Q3. Also, the number of funds holding Western Asset High Income Opportunity Fund Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 9 Reduced: 26 Increased: 20 New Position: 13.

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. The company has market cap of $635.20 million. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. It has a 43.13 P/E ratio. The fund invests in the fixed income markets of the United States.

The stock increased 0.20% or $0.01 during the last trading session, reaching $4.96. About 157,261 shares traded. Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) has declined 0.41% since May 8, 2018 and is downtrending. It has underperformed by 4.78% the S&P500.

Rivernorth Capital Management Llc holds 2.59% of its portfolio in Western Asset High Income Opportunity Fund Inc. for 9.86 million shares. Saba Capital Management L.P. owns 12.77 million shares or 2.01% of their US portfolio. Moreover, Tortoise Investment Management Llc has 0.43% invested in the company for 362,573 shares. The Georgia-based Capital Investment Advisors Llc has invested 0.3% in the stock. Vident Investment Advisory Llc, a Georgia-based fund reported 1.08 million shares.

Since January 1, 0001, it had 13 buys, and 0 sales for $5.27 million activity.

More notable recent Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) news were published by: Seekingalpha.com which released: “CEFL May Be Useful In Some Portfolios, With Its 17% Dividend Yield – Seeking Alpha” on August 29, 2018, also Seekingalpha.com with their article: “Weekly Review: High-Yield CEFs – BGH Offers 10% Yield And Low Duration – Seeking Alpha” published on February 27, 2019, Seekingalpha.com published: “Closed-End Funds On Sale Bring Dividend Yield On 2x Leveraged High Yield ETN To 20.1% – Seeking Alpha” on December 03, 2018. More interesting news about Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) were released by: Seekingalpha.com and their article: “Weekly Review: High-Yield CEFs – The Fund With The Biggest Discount Deserves Attention – Seeking Alpha” published on October 03, 2018 as well as Businesswire.com‘s news article titled: “Western Asset High Income Opportunity Fund Inc. Portfolio Composition as of March 31, 2019 – Business Wire” with publication date: April 25, 2019.

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