Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 106.0% in June

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 36,479 shares, a growth of 106.0% from the May 31st total of 17,707 shares. Based on an average daily volume of 67,597 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in Western Asset High Yield Defined Opportunity Fund by 5.1% during the 1st quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock worth $359,000 after buying an additional 1,635 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% in the 4th quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after acquiring an additional 2,173 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 0.9% during the 4th quarter. Uncommon Cents Investing LLC now owns 290,650 shares of the company’s stock valued at $3,244,000 after acquiring an additional 2,450 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 26,332 shares of the company’s stock valued at $281,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Western Asset High Yield Defined Opportunity Fund by 4.7% during the second quarter. Invesco Ltd. now owns 76,276 shares of the company’s stock worth $914,000 after purchasing an additional 3,447 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

NYSE:HYI traded up $0.03 during mid-day trading on Wednesday, reaching $10.65. The stock had a trading volume of 59,888 shares, compared to its average volume of 60,827. The business has a 50 day simple moving average of $10.65 and a 200 day simple moving average of $10.89. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $10.44 and a twelve month high of $12.13.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.095 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.