Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Declines By 97.7%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 200 shares, a decline of 97.7% from the November 15th total of 8,600 shares. Based on an average trading volume of 53,700 shares, the days-to-cover ratio is presently 0.0 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE GDO traded down $0.03 on Friday, hitting $11.51. 85,720 shares of the company’s stock were exchanged, compared to its average volume of 48,964. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $11.43 and a fifty-two week high of $13.04. The firm’s 50-day moving average price is $11.93 and its two-hundred day moving average price is $12.34.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.122 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.46 annualized dividend and a dividend yield of 12.72%.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in GDO. Dynamic Advisor Solutions LLC grew its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock worth $625,000 after acquiring an additional 2,919 shares during the period. International Assets Investment Management LLC grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock valued at $2,767,000 after purchasing an additional 198,288 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at $250,000. Almitas Capital LLC purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at $2,475,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock worth $7,091,000 after buying an additional 50,706 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.