Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Update

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 44,263 shares, a growth of 120.2% from the April 15th total of 20,105 shares. Based on an average daily trading volume, of 81,845 shares, the short-interest ratio is currently 0.5 days.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI stock opened at $10.64 on Friday. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $10.44 and a 1 year high of $12.13. The stock’s 50 day simple moving average is $10.81 and its two-hundred day simple moving average is $11.03.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.095 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYI. Jane Street Group LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the first quarter valued at approximately $207,000. Invesco Ltd. raised its position in Western Asset High Yield Defined Opportunity Fund by 4.7% during the second quarter. Invesco Ltd. now owns 76,276 shares of the company’s stock valued at $914,000 after purchasing an additional 3,447 shares during the period. Bank of America Corp DE raised its position in Western Asset High Yield Defined Opportunity Fund by 9.9% during the second quarter. Bank of America Corp DE now owns 39,569 shares of the company’s stock valued at $474,000 after purchasing an additional 3,562 shares during the period. Osaic Holdings Inc. raised its position in Western Asset High Yield Defined Opportunity Fund by 65.0% during the second quarter. Osaic Holdings Inc. now owns 20,792 shares of the company’s stock valued at $249,000 after purchasing an additional 8,189 shares during the period. Finally, Wolverine Asset Management LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 3,743.4% during the third quarter. Wolverine Asset Management LLC now owns 23,483 shares of the company’s stock valued at $275,000 after purchasing an additional 22,872 shares during the period.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.