Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Down 13.4% in July

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 5,800 shares, a decline of 13.4% from the July 15th total of 6,700 shares. Based on an average daily trading volume, of 49,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock valued at $7,091,000 after purchasing an additional 50,706 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,048.4% in the 4th quarter. International Assets Investment Management LLC now owns 213,323 shares of the company’s stock valued at $2,724,000 after purchasing an additional 194,748 shares during the period. Almitas Capital LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at about $2,475,000. PFG Investments LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at about $464,000. Finally, Moloney Securities Asset Management LLC raised its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock valued at $354,000 after purchasing an additional 9,943 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.5 %

Shares of GDO stock traded up $0.06 on Friday, reaching $12.77. The stock had a trading volume of 43,387 shares, compared to its average volume of 45,671. The firm’s 50-day moving average is $12.41 and its two-hundred day moving average is $12.37. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $11.21 and a 12 month high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be issued a $0.122 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.46 dividend on an annualized basis and a dividend yield of 11.46%.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate 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.