Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Down 84.0% in January

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,000 shares, a drop of 84.0% from the December 31st total of 12,500 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is presently 0.0 days.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.4 %

HYI traded down $0.05 during midday trading on Wednesday, reaching $11.97. The company had a trading volume of 142,584 shares, compared to its average volume of 46,277. The business has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $12.06. Western Asset High Yield Defined Opportunity Fund has a 12-month low of $11.38 and a 12-month high of $12.44.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 27th will be issued a dividend of $0.095 per share. This represents a yield of 9.46%. The ex-dividend date is Friday, January 24th.

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

A number of large investors have recently made changes to their positions in the stock. Consolidated Portfolio Review Corp grew its position in Western Asset High Yield Defined Opportunity Fund by 1.2% during the third quarter. Consolidated Portfolio Review Corp now owns 72,636 shares of the company’s stock worth $899,000 after buying an additional 836 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 20.0% in the third quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock valued at $307,000 after acquiring an additional 4,125 shares during the period. Avior Wealth Management LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $65,000. Future Financial Wealth Managment LLC bought a new position in Western Asset High Yield Defined Opportunity Fund in the third quarter worth about $79,000. Finally, RVW Wealth LLC raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 41.7% in the 4th quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock worth $327,000 after acquiring an additional 8,123 shares in the last quarter.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield 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.