Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Sees Large Growth in Short Interest

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 11,400 shares, a growth of 44.3% from the February 13th total of 7,900 shares. Based on an average daily trading volume, of 52,000 shares, the days-to-cover ratio is presently 0.2 days.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of HYI opened at $11.83 on Tuesday. Western Asset High Yield Defined Opportunity Fund has a 12-month low of $11.38 and a 12-month high of $12.44. The firm has a fifty day moving average price of $12.03 and a 200-day moving average price of $12.10.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.095 per share. The ex-dividend date is Monday, March 24th.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Large investors have recently made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $53,000. Avior Wealth Management LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $65,000. Jones Financial Companies Lllp boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 151.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,580 shares of the company’s stock valued at $149,000 after purchasing an additional 7,574 shares during the period. Cetera Investment Advisers boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 9.3% during the fourth quarter. Cetera Investment Advisers now owns 14,167 shares of the company’s stock valued at $167,000 after purchasing an additional 1,200 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 25.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,138 shares of the company’s stock valued at $179,000 after acquiring an additional 3,091 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.