Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 106.0% in June

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 36,479 shares, an increase of 106.0% from the May 31st total of 17,707 shares. Based on an average daily volume of 67,597 shares, the days-to-cover ratio is presently 0.5 days.

Western Asset High Yield Defined Opportunity Fund Price Performance

Western Asset High Yield Defined Opportunity Fund stock opened at $10.64 on Thursday. The business’s fifty day moving average is $10.65 and its two-hundred day moving average is $10.89. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.44 and a 52 week high of $12.13.

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Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.095 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 10.7%.

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. Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $2,735,000. Shaker Financial Services LLC increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 452.8% in the fourth quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock valued at $2,580,000 after purchasing an additional 189,369 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 1,033.4% in the second quarter. Jane Street Group LLC now owns 198,577 shares of the company’s stock valued at $2,379,000 after purchasing an additional 181,056 shares in the last quarter. Wolverine Asset Management LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 760.0% in the 4th quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after purchasing an additional 178,470 shares during the last quarter. Finally, Quarry LP bought a new position in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth approximately $1,075,000.

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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