Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Update

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 26,600 shares, a drop of 39.7% from the September 30th total of 44,100 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at about $132,000. World Investment Advisors purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the third quarter worth $139,000. Concurrent Investment Advisors LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 9.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 16,529 shares of the company’s stock valued at $196,000 after buying an additional 1,391 shares during the last quarter. Cetera Investment Advisers boosted its position in Western Asset High Yield Defined Opportunity Fund by 17.6% during the 1st quarter. Cetera Investment Advisers now owns 16,654 shares of the company’s stock valued at $197,000 after buying an additional 2,487 shares during the period. Finally, Jane Street Group LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 1st quarter worth $207,000.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.9%

HYI traded down $0.11 during midday trading on Monday, hitting $11.32. The stock had a trading volume of 108,040 shares, compared to its average volume of 55,673. The business has a fifty day moving average of $11.74 and a 200 day moving average of $11.80. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $11.05 and a 1 year high of $12.32.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.