First Trust Amends Western Asset High Income Fund Stake
Ticker: HIO · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 910068
| Field | Detail |
|---|---|
| Company | Western Asset High Income Opportunity Fund Inc. (HIO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**First Trust Portfolios LP just updated their stake in Western Asset High Income Opportunity Fund Inc.**
AI Summary
First Trust Portfolios LP filed an amended Schedule 13G/A on January 10, 2024, indicating a change in their ownership of Western Asset High Income Opportunity Fund Inc. common stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures regarding their stake in the fund. This matters to investors because it signals a potential shift in a significant institutional holder's position, which could influence market sentiment or liquidity for the stock.
Why It Matters
Changes in institutional ownership can signal a shift in confidence or strategy, potentially impacting the stock's perceived value and future trading activity.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not inherently indicate a high level of risk.
Analyst Insight
An investor should monitor subsequent filings from First Trust Portfolios LP to understand the full scope of their ownership changes and consider how this might align with their own investment thesis for Western Asset High Income Opportunity Fund Inc.
Key Players & Entities
- First Trust Portfolios LP (company) — the reporting person filing the SC 13G/A
- Western Asset High Income Opportunity Fund Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 10, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED SCHEDULE 13G' sections.
Who is the reporting person in this filing?
The reporting person is First Trust Portfolios LP, as indicated under the 'FILED BY: COMPANY DATA' section.
What is the subject company of this filing?
The subject company is Western Asset High Income Opportunity Fund Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA' and 'Name of Issuer' on the cover page.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common class of securities is 95766K109, as listed on the cover page of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 regarding WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. (HIO).