Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Announces $0.10 Monthly Dividend

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be paid a dividend of 0.095 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset High Yield Defined Opportunity Fund Trading Down 1.3%

NYSE HYI traded down $0.15 during trading hours on Thursday, reaching $10.93. 106,480 shares of the company’s stock traded hands, compared to its average volume of 56,277. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $10.87 and a 52-week high of $12.28. The firm has a 50-day simple moving average of $11.56 and a 200 day simple moving average of $11.77.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 17.6% during the first quarter. Cetera Investment Advisers now owns 16,654 shares of the company’s stock valued at $197,000 after acquiring an additional 2,487 shares in the last quarter. Allworth Financial LP bought a new position in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth about $132,000. Huntleigh Advisors Inc. grew its position in Western Asset High Yield Defined Opportunity Fund by 5.4% during the 2nd quarter. Huntleigh Advisors Inc. now owns 380,997 shares of the company’s stock valued at $4,564,000 after purchasing an additional 19,537 shares during the last quarter. Readystate Asset Management LP bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 1st quarter valued at about $542,000. Finally, Invesco Ltd. raised its holdings in Western Asset High Yield Defined Opportunity Fund by 4.6% in the first quarter. Invesco Ltd. now owns 72,829 shares of the company’s stock worth $862,000 after buying an additional 3,183 shares during the last quarter.

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.