Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be paid a dividend of 0.095 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, August 24th.
Western Asset High Yield Defined Opportunity Fund Trading Up 0.2%
NYSE:HYI traded up $0.03 during trading hours on Thursday, reaching $10.72. 21,208 shares of the company’s stock were exchanged, compared to its average volume of 58,276. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.44 and a 12 month high of $12.13. The business’s 50-day simple moving average is $10.82 and its two-hundred day simple moving average is $11.04.
Institutional Trading of Western Asset High Yield Defined Opportunity Fund
Large investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 6.1% during the fourth quarter. Guggenheim Capital LLC now owns 429,166 shares of the company’s stock valued at $4,789,000 after purchasing an additional 24,709 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 0.9% in the 4th quarter. Uncommon Cents Investing LLC now owns 290,650 shares of the company’s stock worth $3,244,000 after purchasing an additional 2,450 shares in the last quarter. Absolute Investment Advisers LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth about $2,735,000. Shaker Financial Services LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 452.8% in the 4th quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock worth $2,580,000 after purchasing an additional 189,369 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake 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 in the last quarter.
About Western Asset High Yield Defined Opportunity Fund
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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