Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 424.8% in August

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 55,100 shares, an increase of 424.8% from the July 31st total of 10,500 shares. Based on an average trading volume of 68,100 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 163.2% in the 2nd quarter. Shaker Financial Services LLC now owns 109,635 shares of the company’s stock worth $1,285,000 after purchasing an additional 67,976 shares during the period. Relative Value Partners Group LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth about $651,000. Consolidated Portfolio Review Corp raised its holdings in Western Asset High Yield Defined Opportunity Fund by 103.6% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 71,800 shares of the company’s stock worth $833,000 after purchasing an additional 36,527 shares during the period. PFG Investments LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund in the 1st quarter worth about $422,000. Finally, Hara Capital LLC raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 17.4% during the second quarter. Hara Capital LLC now owns 180,743 shares of the company’s stock valued at $2,097,000 after acquiring an additional 26,725 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.9 %

Shares of HYI traded down $0.11 during trading hours on Tuesday, hitting $12.06. The company had a trading volume of 51,161 shares, compared to its average volume of 59,793. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.99 and a one year high of $12.24. The company’s fifty day moving average price is $11.79 and its two-hundred day moving average price is $11.78.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Monday, September 23rd.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield 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.