Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Stock Short Interest Report for October

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,815 shares, a decrease of 93.9% from the October 15th total of 29,687 shares. Based on an average trading volume of 113,894 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HYI. Global Retirement Partners LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth $59,000. Private Management Group Inc. raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 23.4% during the third quarter. Private Management Group Inc. now owns 20,514 shares of the company’s stock worth $202,000 after purchasing an additional 3,891 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 60.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 429,570 shares of the company’s stock worth $4,236,000 after purchasing an additional 161,767 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the third quarter valued at $905,000. Finally, Uncommon Cents Investing Inc lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.6% during the third quarter. Uncommon Cents Investing Inc now owns 318,945 shares of the company’s stock valued at $3,145,000 after purchasing an additional 11,125 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI traded down $0.06 during mid-day trading on Tuesday, hitting $9.71. The company’s stock had a trading volume of 32,781 shares, compared to its average volume of 63,906. The firm has a 50-day moving average price of $9.88 and a 200 day moving average price of $10.53. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $9.42 and a fifty-two week high of $11.39.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc. (NYSE: HYI) was a closed-end management investment company focused on generating a high level of current income, with capital appreciation as a secondary objective. The fund invested primarily in below-investment-grade, or high-yield, corporate debt securities. Its portfolio could include bonds and other fixed-income instruments issued by companies across a range of industries and geographic regions, with an emphasis on the U.S. high-yield market.