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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 44,263 shares, an increase of 120.2% from the April 15th total of 20,105 shares. Based on an average daily trading volume, of 81,845 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 6.1% during the fourth quarter. Guggenheim Capital LLC now owns 429,166 shares of the company’s stock valued at $4,789,000 after buying an additional 24,709 shares during the last quarter. Uncommon Cents Investing LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 0.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 290,650 shares of the company’s stock valued at $3,244,000 after buying an additional 2,450 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $2,735,000. Shaker Financial Services LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 452.8% during the fourth quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock valued at $2,580,000 after buying an additional 189,369 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 760.0% during the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock valued at $2,254,000 after buying an additional 178,470 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.7%

HYI opened at $10.64 on Friday. The stock’s 50 day moving average price is $10.81 and its 200-day moving average price is $11.03. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.44 and a one year high of $12.13.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.