Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 33.3% in May

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 14,800 shares, a growth of 33.3% from the May 15th total of 11,100 shares. Based on an average daily trading volume, of 57,500 shares, the short-interest ratio is presently 0.3 days.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE HYI opened at $11.58 on Friday. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $10.99 and a fifty-two week high of $12.24. The business has a 50-day simple moving average of $11.59 and a two-hundred day simple moving average of $11.84.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date of this dividend is Friday, June 21st.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Several large investors have recently bought and sold shares of HYI. Stonebrook Private Inc. acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $154,000. Catalytic Wealth RIA LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $149,000. International Assets Investment Management LLC grew its stake in Western Asset High Yield Defined Opportunity Fund by 976.0% during the 4th quarter. International Assets Investment Management LLC now owns 139,676 shares of the company’s stock valued at $1,689,000 after purchasing an additional 126,695 shares during the last quarter. SFI Advisors LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at about $297,000. Finally, Relative Value Partners Group LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $651,000.

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.