Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Sees Significant Increase in Short Interest

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 6,929 shares, a growth of 426.9% from the August 31st total of 1,315 shares. Based on an average daily trading volume, of 47,020 shares, the short-interest ratio is presently 0.1 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1%

GDO stock opened at $9.60 on Friday. The business has a 50 day moving average of $10.15 and a 200-day moving average of $10.60. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $9.57 and a 12-month high of $12.14.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.1220 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 6.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock valued at $671,000 after acquiring an additional 3,550 shares during the period. CoreCap Advisors LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth $64,000. Van Diest Capital LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth $149,000. Fifth Third Bancorp purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter valued at $30,000. Finally, Fiera Capital Corp grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 42.6% in the fourth quarter. Fiera Capital Corp now owns 104,687 shares of the company’s stock valued at $1,236,000 after purchasing an additional 31,264 shares in the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund, Inc (NYSE:GDO) is a closed-end investment fund managed by Western Asset Management Company LLC. The fund seeks to provide investors with current income and the potential for capital appreciation by investing primarily in corporate debt securities issued by companies around the world.

Its portfolio may include investment-grade and below-investment-grade corporate bonds, floating-rate obligations, emerging-market debt and other fixed-income securities.