Short Interest in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Grows By 44.3%

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 11,400 shares, an increase of 44.3% from the February 13th total of 7,900 shares. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.0 %

HYI traded up $0.01 on Monday, reaching $11.83. 98,433 shares of the company’s stock were exchanged, compared to its average volume of 58,940. The company’s 50 day moving average is $12.03 and its 200-day moving average is $12.10. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $11.38 and a twelve month high of $12.44.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.095 per share. The ex-dividend date is Monday, March 24th.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $8,392,000. Guggenheim Capital LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 17.3% in the fourth quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock valued at $5,277,000 after acquiring an additional 65,926 shares in the last quarter. Shaker Financial Services LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 11.7% in the fourth quarter. Shaker Financial Services LLC now owns 161,521 shares of the company’s stock valued at $1,909,000 after acquiring an additional 16,943 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in Western Asset High Yield Defined Opportunity Fund by 1.7% in the fourth 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. Finally, Steward Partners Investment Advisory LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 3.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,596 shares of the company’s stock valued at $870,000 after acquiring an additional 2,271 shares in the last quarter.

About Western Asset High Yield Defined Opportunity Fund

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.