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

by · The Markets Daily

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 37,148 shares, a growth of 168.6% from the August 15th total of 13,829 shares. Based on an average daily volume of 48,105 shares, the days-to-cover ratio is currently 0.8 days.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock traded down $0.05 during trading on Monday, reaching $10.15. The stock had a trading volume of 120,380 shares, compared to its average volume of 60,253. The stock has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $10.64. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.13 and a 52 week high of $12.13.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.095 dividend. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently bought and sold shares of HYI. Integrated Wealth Concepts LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the second quarter valued at approximately $162,000. Susquehanna International Group LLP acquired a new position in Western Asset High Yield Defined Opportunity Fund during the second quarter worth $123,000. Private Management Group Inc. boosted its holdings in Western Asset High Yield Defined Opportunity Fund by 37.3% during the second quarter. Private Management Group Inc. now owns 16,623 shares of the company’s stock worth $177,000 after purchasing an additional 4,513 shares during the last quarter. Bank of America Corp DE grew its position in Western Asset High Yield Defined Opportunity Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock valued at $359,000 after purchasing an additional 1,635 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Western Asset High Yield Defined Opportunity Fund in the first quarter valued at $77,000.

About Western Asset High Yield Defined Opportunity Fund

(Get Free Report)

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.

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