Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Stock Short Interest Report for October

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 29,687 shares, a decrease of 50.2% from the September 30th total of 59,563 shares. Based on an average daily volume of 59,786 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Uncommon Cents Investing Inc increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 3.6% during the third quarter. Uncommon Cents Investing Inc now owns 318,945 shares of the company’s stock worth $3,145,000 after purchasing an additional 11,125 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at about $162,000. Susquehanna International Group LLP purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 2nd quarter worth approximately $123,000. Private Management Group Inc. grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 37.3% in the second quarter. Private Management Group Inc. now owns 16,623 shares of the company’s stock valued at $177,000 after buying an additional 4,513 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Western Asset High Yield Defined Opportunity Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock worth $359,000 after purchasing an additional 1,635 shares during the period.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.5%

HYI stock traded up $0.04 during midday trading on Monday, reaching $9.63. 25,374 shares of the company traded hands, compared to its average volume of 63,639. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $9.42 and a 52-week high of $11.41. The business has a 50 day moving average of $9.96 and a 200-day moving average of $10.57.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0950 dividend. This represents a $1.14 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Friday, November 20th.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) was a closed-end management investment company focused on generating a high level of current income, with capital appreciation as a secondary objective. The fund invested primarily in below-investment-grade, or high-yield, corporate debt securities.

Its portfolio could include bonds and other fixed-income instruments issued by companies across a range of industries and geographic regions, with an emphasis on the U.S. high-yield market.