Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Update

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 13,829 shares, a decrease of 68.3% from the July 30th total of 43,660 shares. Based on an average daily trading volume, of 48,491 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Western Asset High Yield Defined Opportunity Fund by 55.7% during the 4th quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after purchasing an additional 2,173 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth $73,000. Fifth Third Bancorp bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 1st quarter worth $77,000. Kanen Wealth Management LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at $112,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the second quarter valued at $123,000.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.1%

Western Asset High Yield Defined Opportunity Fund stock traded down $0.01 during trading hours on Friday, hitting $10.38. 35,425 shares of the company traded hands, compared to its average volume of 60,079. Western Asset High Yield Defined Opportunity Fund has a 1-year low of $10.34 and a 1-year high of $12.13. The firm’s 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.71.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a $0.095 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 11.0%.

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.