Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Down 61.1% in June

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 11,338 shares, a decrease of 61.1% from the May 31st total of 29,184 shares. Based on an average trading volume of 30,687 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.1% in the 1st quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock valued at $329,000 after buying an additional 9,957 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.2% in the 2nd quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock valued at $887,000 after buying an additional 884 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 9.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 119,207 shares of the company’s stock worth $1,396,000 after acquiring an additional 10,148 shares in the last quarter. UBS Group AG raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.7% during the 3rd quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund in the third quarter valued at $177,000.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE GDO opened at $10.66 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.52 and a fifty-two week high of $12.15. The stock’s 50-day simple moving average is $10.85 and its 200-day simple moving average is $11.21.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.122 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Monday, August 24th.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.