Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Stock Short Interest Report for October

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 29,687 shares, a decrease of 50.2% from the September 30th total of 59,563 shares. Based on an average trading volume of 59,786 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Uncommon Cents Investing Inc increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.6% in the third quarter. Uncommon Cents Investing Inc now owns 318,945 shares of the company’s stock valued at $3,145,000 after purchasing an additional 11,125 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the second quarter worth $162,000. Susquehanna International Group LLP acquired a new position in Western Asset High Yield Defined Opportunity Fund during the second quarter worth $123,000. Private Management Group Inc. grew its holdings in Western Asset High Yield Defined Opportunity Fund by 37.3% in the 2nd quarter. Private Management Group Inc. now owns 16,623 shares of the company’s stock valued at $177,000 after buying an additional 4,513 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Western Asset High Yield Defined Opportunity Fund by 5.1% in the 1st quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock valued at $359,000 after buying an additional 1,635 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of NYSE:HYI traded down $0.07 during trading on Friday, reaching $9.59. The stock had a trading volume of 112,916 shares, compared to its average volume of 63,828. The business has a fifty day moving average price of $9.96 and a 200-day moving average price of $10.57. Western Asset High Yield Defined Opportunity Fund has a 1-year low of $9.42 and a 1-year high of $11.44.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.0950 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.14 dividend on an annualized basis and a yield of 11.9%.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) was a closed-end management investment company focused on generating a high level of current income, with capital appreciation as a secondary objective. The fund invested primarily in below-investment-grade, or high-yield, corporate debt securities.

Its portfolio could include bonds and other fixed-income instruments issued by companies across a range of industries and geographic regions, with an emphasis on the U.S. high-yield market.