Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Down 80.1% in August

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,669 shares, a decline of 80.1% from the July 30th total of 8,374 shares. Based on an average daily trading volume, of 71,045 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Western Asset Global Corporate Defined Opportunity Fund by 54.1% during the 1st quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock worth $329,000 after purchasing an additional 9,957 shares in the last quarter. Raymond James Financial Inc. lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 1.2% during the second 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 in the last quarter. Ameriprise Financial Inc. grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 9.3% during the second quarter. Ameriprise Financial Inc. now owns 119,207 shares of the company’s stock worth $1,396,000 after buying an additional 10,148 shares during the period. UBS Group AG grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.7% during the third quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after buying an additional 1,044 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the third quarter worth $177,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Western Asset Global Corporate Defined Opportunity Fund stock remained flat at $10.16 during midday trading on Friday. The company had a trading volume of 49,513 shares, compared to its average volume of 33,755. Western Asset Global Corporate Defined Opportunity Fund has a 52-week low of $10.14 and a 52-week high of $12.15. The firm has a fifty day moving average price of $10.43 and a 200-day moving average price of $10.80.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

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 issued a $0.122 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Friday, November 20th.

About Western Asset Global Corporate Defined Opportunity Fund

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.