Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 92.6% in October

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 36,200 shares, a growth of 92.6% from the September 30th total of 18,800 shares. Based on an average daily volume of 56,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hara Capital LLC boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 17.4% during the 2nd 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. International Assets Investment Management LLC boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 1,138.0% during the 3rd quarter. International Assets Investment Management LLC now owns 143,026 shares of the company’s stock valued at $1,771,000 after acquiring an additional 131,473 shares during the last quarter. Raymond James & Associates boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 7.2% during the 2nd quarter. Raymond James & Associates now owns 138,342 shares of the company’s stock valued at $1,605,000 after acquiring an additional 9,283 shares during the last quarter. Shaker Financial Services LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 163.2% during the 2nd quarter. Shaker Financial Services LLC now owns 109,635 shares of the company’s stock valued at $1,285,000 after buying an additional 67,976 shares during the period. Finally, Consolidated Portfolio Review Corp raised its holdings in Western Asset High Yield Defined Opportunity Fund by 1.2% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 72,636 shares of the company’s stock valued at $899,000 after buying an additional 836 shares during the period.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.2 %

Shares of NYSE HYI traded up $0.02 during midday trading on Monday, reaching $12.07. 17,693 shares of the stock traded hands, compared to its average volume of 58,013. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.99 and a one year high of $12.44. The company’s 50 day moving average is $12.20 and its 200 day moving average is $11.84.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be given a dividend of $0.095 per share. The ex-dividend date is Thursday, November 21st.

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.