Insider Buying: Western Asst High Incm Opprtnty Fnd Inc. (HIO) Major Shareholder Buys 365,625 Shares of Stock
Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 365,625 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were purchased at an average cost of $4.66 per share, with a total value of $1,703,812.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
HIO stock traded up $0.01 during trading on Friday, reaching $4.67. 432,200 shares of the company were exchanged, compared to its average volume of 355,563. Western Asst High Incm Opprtnty Fnd Inc. has a twelve month low of $4.14 and a twelve month high of $5.12.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.0265 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Thursday, February 14th.
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.
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