Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Down 84.0% in January

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,000 shares, a decline of 84.0% from the December 31st total of 12,500 shares. Based on an average trading volume of 56,700 shares, the short-interest ratio is presently 0.0 days.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.5 %

Shares of NYSE HYI traded up $0.06 during midday trading on Tuesday, reaching $12.02. The company’s stock had a trading volume of 108,846 shares, compared to its average volume of 40,614. Western Asset High Yield Defined Opportunity Fund has a one year low of $11.38 and a one year high of $12.44. The company has a 50 day moving average price of $12.02 and a 200 day moving average price of $12.06.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 9.46%.

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

Large investors have recently modified their holdings of the stock. Consolidated Portfolio Review Corp grew its stake in Western Asset High Yield Defined Opportunity Fund by 1.7% during the 4th quarter. Consolidated Portfolio Review Corp now owns 73,857 shares of the company’s stock valued at $873,000 after acquiring an additional 1,221 shares in the last quarter. RVW Wealth LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 41.7% in the 4th quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock valued at $327,000 after acquiring an additional 8,123 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth approximately $65,000. Kovitz Investment Group Partners LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter worth approximately $707,000. Finally, Shaker Financial Services LLC grew its holdings in Western Asset High Yield Defined Opportunity Fund by 31.9% during the third quarter. Shaker Financial Services LLC now owns 144,578 shares of the company’s stock valued at $1,806,000 after purchasing an additional 34,943 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield 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.