Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Sees Large Decrease in Short Interest

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 13,829 shares, a decline of 68.3% from the July 30th total of 43,660 shares. Based on an average daily volume of 48,491 shares, the short-interest ratio is presently 0.3 days.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.1%

NYSE:HYI opened at $10.40 on Thursday. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.34 and a one year high of $12.13. The business’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $10.72.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Friday, November 20th.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in Western Asset High Yield Defined Opportunity Fund during the second quarter worth $123,000. Private Management Group Inc. increased its stake in Western Asset High Yield Defined Opportunity Fund by 37.3% during the second quarter. Private Management Group Inc. now owns 16,623 shares of the company’s stock valued at $177,000 after purchasing an additional 4,513 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock worth $359,000 after purchasing an additional 1,635 shares during the period. Calamos Advisors LLC raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 26,332 shares of the company’s stock worth $281,000 after purchasing an additional 3,135 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 1st quarter worth about $77,000.

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.