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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 43,660 shares, a growth of 127.6% from the July 15th total of 19,179 shares. Based on an average daily volume of 66,746 shares, the short-interest ratio is currently 0.7 days.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.0%

HYI stock opened at $10.53 on Friday. The business has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $10.76. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.35 and a 52 week high of $12.13.

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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. Shareholders of record on Friday, November 20th will be issued a $0.095 dividend. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds 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 company. Absolute Investment Advisers LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $2,735,000. Shaker Financial Services LLC increased its stake in 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 acquiring an additional 189,369 shares during the last quarter. Jane Street Group LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 1,033.4% during 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% during the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock valued at $2,254,000 after purchasing an additional 178,470 shares in the last quarter. Finally, Quarry LP bought a new stake in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $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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