Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Decreases By 35.6%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 6,700 shares, a decline of 35.6% from the June 30th total of 10,400 shares. Based on an average trading volume of 48,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1,048.4% in the 4th quarter. International Assets Investment Management LLC now owns 213,323 shares of the company’s stock valued at $2,724,000 after buying an additional 194,748 shares during the period. Sowell Financial Services LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1.9% in the 4th quarter. Sowell Financial Services LLC now owns 65,950 shares of the company’s stock valued at $842,000 after buying an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 27.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 530,044 shares of the company’s stock valued at $6,769,000 after buying an additional 115,072 shares during the period. PFG Investments LLC purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at about $464,000. Finally, Moloney Securities Asset Management LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 54.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock valued at $354,000 after buying an additional 9,943 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.6 %

Shares of NYSE GDO traded down $0.08 during trading on Monday, hitting $12.35. 24,067 shares of the company were exchanged, compared to its average volume of 43,684. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.21 and a 12-month high of $13.04. The company has a fifty day moving average price of $12.35 and a 200-day moving average price of $12.37.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.122 per share. The ex-dividend date is Friday, August 23rd. This represents a $1.46 annualized dividend and a dividend yield of 11.85%.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate 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.