Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 460.9% in January

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 35,900 shares, an increase of 460.9% from the January 15th total of 6,400 shares. Based on an average daily trading volume, of 58,800 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Western Asset High Yield Defined Opportunity Fund by 1,138.0% in the third quarter. International Assets Investment Management LLC now owns 143,026 shares of the company’s stock worth $1,771,000 after buying an additional 131,473 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter valued at $180,000. Consolidated Portfolio Review Corp boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 1.7% during the fourth quarter. Consolidated Portfolio Review Corp now owns 73,857 shares of the company’s stock valued at $873,000 after buying an additional 1,221 shares during the last quarter. RVW Wealth LLC boosted its position in Western Asset High Yield Defined Opportunity Fund by 41.7% in the fourth quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock worth $327,000 after purchasing an additional 8,123 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $65,000.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of NYSE:HYI traded down $0.11 during trading on Wednesday, reaching $12.02. 40,258 shares of the company traded hands, compared to its average volume of 44,990. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $11.38 and a 52-week high of $12.44. The business’s fifty day moving average is $12.02 and its 200-day moving average is $12.09.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were paid a dividend of $0.095 per share. This represents a dividend yield of 9.46%. The ex-dividend date was Friday, January 24th.

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.