Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) 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
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.
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