Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Sees Large Growth in Short Interest

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large increase in short interest in the month of 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 trading volume of 52,000 shares, the short-interest ratio is presently 0.2 days.

Western Asset High Yield Defined Opportunity Fund Stock Performance

NYSE HYI opened at $11.83 on Tuesday. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $11.38 and a 12 month high of $12.44. The company’s 50 day moving average is $12.03 and its two-hundred day moving average is $12.10.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders 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 Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Elequin Capital LP bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $53,000. Avior Wealth Management LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at $65,000. Jones Financial Companies Lllp grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 151.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,580 shares of the company’s stock valued at $149,000 after purchasing an additional 7,574 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 9.3% in the fourth quarter. Cetera Investment Advisers now owns 14,167 shares of the company’s stock valued at $167,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 25.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,138 shares of the company’s stock valued at $179,000 after purchasing an additional 3,091 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.