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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 29,345 shares, a growth of 102.1% from the February 12th total of 14,520 shares. Based on an average daily trading volume, of 40,856 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 40,856 shares, the short-interest ratio is currently 0.7 days.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.5%

Shares of NYSE HYI traded down $0.05 during mid-day trading on Thursday, hitting $10.85. The company had a trading volume of 51,797 shares, compared to its average volume of 45,371. The business’s 50-day simple moving average is $11.13 and its 200-day simple moving average is $11.34. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.83 and a 12 month high of $12.13.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HYI. Royal Bank of Canada grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% in the fourth quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after acquiring an additional 2,173 shares in the last quarter. Advisory Services Network LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth approximately $73,000. Kanen Wealth Management LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $112,000. Allworth Financial LP purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth about $132,000. Finally, World Investment Advisors bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth approximately $139,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.