Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 1,815 shares, a decrease of 93.9% from the October 15th total of 29,687 shares. Based on an average daily trading volume, of 113,894 shares, the days-to-cover ratio is currently 0.0 days.
Western Asset High Yield Defined Opportunity Fund Stock Performance
Shares of HYI traded down $0.06 during midday trading on Tuesday, hitting $9.71. The stock had a trading volume of 32,781 shares, compared to its average volume of 63,906. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $9.42 and a fifty-two week high of $11.39. The business has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $10.53.
Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund
Several hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth approximately $59,000. Private Management Group Inc. grew its position in Western Asset High Yield Defined Opportunity Fund by 23.4% during the 3rd quarter. Private Management Group Inc. now owns 20,514 shares of the company’s stock worth $202,000 after purchasing an additional 3,891 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 60.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 429,570 shares of the company’s stock worth $4,236,000 after purchasing an additional 161,767 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at $905,000. Finally, Uncommon Cents Investing Inc raised its stake in Western Asset High Yield Defined Opportunity Fund by 3.6% during the 3rd quarter. Uncommon Cents Investing Inc now owns 318,945 shares of the company’s stock valued at $3,145,000 after purchasing an additional 11,125 shares during the period.
Western Asset High Yield Defined Opportunity Fund Company Profile
Western Asset High Yield Defined Opportunity Fund, Inc. (NYSE: HYI) was a closed-end management investment company focused on generating a high level of current income, with capital appreciation as a secondary objective. The fund invested primarily in below-investment-grade, or high-yield, corporate debt securities. Its portfolio could include bonds and other fixed-income instruments issued by companies across a range of industries and geographic regions, with an emphasis on the U.S. high-yield market.
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