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) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,815 shares, a drop of 93.9% from the October 15th total of 29,687 shares. Based on an average daily volume of 113,894 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYI. Global Retirement Partners LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the third quarter valued at about $59,000. Private Management Group Inc. raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 23.4% during the 3rd quarter. Private Management Group Inc. now owns 20,514 shares of the company’s stock worth $202,000 after purchasing an additional 3,891 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 60.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 429,570 shares of the company’s stock worth $4,236,000 after purchasing an additional 161,767 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth approximately $905,000. Finally, Uncommon Cents Investing Inc boosted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.6% in the 3rd quarter. Uncommon Cents Investing Inc now owns 318,945 shares of the company’s stock valued at $3,145,000 after buying an additional 11,125 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI stock traded down $0.11 during trading on Thursday, reaching $9.56. The company’s stock had a trading volume of 90,680 shares, compared to its average volume of 63,849. The business has a fifty day moving average price of $9.84 and a 200-day moving average price of $10.51. Western Asset High Yield Defined Opportunity Fund has a one year low of $9.42 and a one year high of $11.34.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.