Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Sees Significant Increase in Short Interest

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 12,800 shares, a growth of 884.6% from the January 31st total of 1,300 shares. Based on an average trading volume of 45,000 shares, the short-interest ratio is presently 0.3 days.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE GDO traded down $0.03 during mid-day trading on Friday, hitting $11.38. The company had a trading volume of 13,613 shares, compared to its average volume of 32,392. The firm has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $11.92. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $10.92 and a one year high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a $0.122 dividend. This represents a $1.46 annualized dividend and a dividend yield of 12.87%. The ex-dividend date is Monday, March 24th.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth about $646,000. International Assets Investment Management LLC grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% during the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock worth $2,767,000 after purchasing an additional 198,288 shares during the period. Fiera Capital Corp grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 4.0% during the third quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock worth $778,000 after purchasing an additional 2,322 shares during the period. Jane Street Group LLC grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the third quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after purchasing an additional 171,815 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 18.5% during the fourth quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock worth $1,102,000 after purchasing an additional 15,212 shares during the period.

About Western Asset Global Corporate Defined Opportunity Fund

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.