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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 18,800 shares, a decline of 54.6% from the September 15th total of 41,400 shares. Based on an average daily trading volume, of 61,300 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of institutional investors have recently bought and sold shares of HYI. Hara Capital LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 17.4% in the 2nd quarter. Hara Capital LLC now owns 180,743 shares of the company’s stock valued at $2,097,000 after buying an additional 26,725 shares during the period. Raymond James & Associates lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 7.2% in the 2nd quarter. Raymond James & Associates now owns 138,342 shares of the company’s stock valued at $1,605,000 after purchasing an additional 9,283 shares during the period. Shaker Financial Services LLC boosted its holdings in Western Asset High Yield Defined Opportunity Fund by 163.2% during the second quarter. Shaker Financial Services LLC now owns 109,635 shares of the company’s stock worth $1,285,000 after buying an additional 67,976 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in Western Asset High Yield Defined Opportunity Fund by 103.6% during the second quarter. Consolidated Portfolio Review Corp now owns 71,800 shares of the company’s stock valued at $833,000 after buying an additional 36,527 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in Western Asset High Yield Defined Opportunity Fund by 8.1% in the first quarter. Gilman Hill Asset Management LLC now owns 33,175 shares of the company’s stock valued at $397,000 after buying an additional 2,500 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

HYI traded down $0.01 on Friday, reaching $12.32. 45,176 shares of the stock were exchanged, compared to its average volume of 58,932. The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $11.82. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $10.99 and a fifty-two week high of $12.44.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 24th will be issued a $0.095 dividend. The ex-dividend date is Thursday, October 24th.

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.