Western Asset High Income Opportunity Fund Inc (NYSE:HIO) Institutional Investor Sentiment Is 1.21

June 17, 2018 - By Stephen Andrade

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

Western Asset High Income Opportunity Fund Inc (NYSE:HIO) institutional sentiment decreased to 1.21 in 2018 Q1. Its down -0.03, from 1.24 in 2017Q4. The ratio dropped, as 35 hedge funds increased and opened new stock positions, while 29 trimmed and sold equity positions in Western Asset High Income Opportunity Fund Inc. The hedge funds in our partner’s database reported: 38.69 million shares, up from 33.25 million shares in 2017Q4. Also, the number of hedge funds holding Western Asset High Income Opportunity Fund Inc in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 11 Reduced: 18 Increased: 25 New Position: 10.

It closed at $4.87 lastly. It is down 7.72% since June 17, 2017 and is downtrending. It has underperformed by 20.29% the S&P500.

Rivernorth Capital Management Llc holds 3.23% of its portfolio in Western Asset High Income Opportunity Fund Inc. for 9.02 million shares. Saba Capital Management L.P. owns 8.08 million shares or 2.16% of their US portfolio. Moreover, Fca Corp Tx has 1.87% invested in the company for 950,928 shares. The Michigan-based Robinson Capital Management Llc has invested 0.3% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 770,287 shares.

Another recent and important Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) news was published by Seekingalpha.com which published an article titled: “Weekly Review: High-Yield CEFs” on June 13, 2018.

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