Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 92.6% in October

by · The Cerbat Gem

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 36,200 shares, an increase of 92.6% from the September 30th total of 18,800 shares. Based on an average daily trading volume, of 56,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at about $79,000. Wolverine Asset Management LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth approximately $95,000. B. Riley Wealth Advisors Inc. purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth approximately $128,000. MRA Advisory Group purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth approximately $136,000. Finally, Sanctuary Advisors LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth approximately $180,000.

Western Asset High Yield Defined Opportunity Fund Price Performance

NYSE:HYI traded up $0.02 during mid-day trading on Monday, reaching $12.07. The company’s stock had a trading volume of 17,693 shares, compared to its average volume of 58,013. Western Asset High Yield Defined Opportunity Fund has a 12-month low of $10.99 and a 12-month high of $12.44. The firm’s fifty day moving average price is $12.20 and its two-hundred day moving average price is $11.84.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, November 21st.

Western Asset High Yield Defined Opportunity Fund Company Profile

(Get Free Report)

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.

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