Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Down 46.1% in February

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 6,900 shares, a decline of 46.1% from the February 13th total of 12,800 shares. Based on an average daily trading volume, of 43,900 shares, the short-interest ratio is presently 0.2 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO traded down $0.02 during mid-day trading on Friday, reaching $11.45. 3,906 shares of the company’s stock traded hands, compared to its average volume of 49,421. The business’s 50-day moving average price is $11.32 and its 200-day moving average price is $11.83. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.92 and a 12 month high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.122 per share. The ex-dividend date is Monday, March 24th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.79%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the third quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after purchasing an additional 171,815 shares in the last quarter. Ameriprise Financial Inc. grew its position in Western Asset Global Corporate Defined Opportunity Fund by 18.5% during the 4th quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock worth $1,102,000 after purchasing an additional 15,212 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $933,000. Wolverine Asset Management LLC purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $646,000. Finally, Shaker Financial Services LLC purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $572,000.

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.