Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Sees Large Drop in Short Interest

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,000 shares, a decrease of 84.0% from the December 31st total of 12,500 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp lifted its holdings in Western Asset High Yield Defined Opportunity Fund by 1.2% in the third quarter. Consolidated Portfolio Review Corp now owns 72,636 shares of the company’s stock valued at $899,000 after buying an additional 836 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in Western Asset High Yield Defined Opportunity Fund by 20.0% during the third quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock worth $307,000 after buying an additional 4,125 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at about $65,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at approximately $79,000. Finally, RVW Wealth LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 41.7% during the 4th quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock worth $327,000 after acquiring an additional 8,123 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

Western Asset High Yield Defined Opportunity Fund stock traded up $0.06 during trading hours on Tuesday, hitting $12.02. 108,846 shares of the stock were exchanged, compared to its average volume of 40,614. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $11.38 and a 12 month high of $12.44. The business’s 50-day moving average is $12.02 and its two-hundred day moving average is $12.06.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be issued a dividend of $0.095 per share. This represents a dividend yield of 9.46%. The ex-dividend date is Friday, January 24th.

About Western Asset High Yield Defined Opportunity Fund

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.