Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,470,461 shares of the company’s stock after selling 18,468 shares during the period. Sit Investment Associates Inc.’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $17,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HYI. Raymond James Financial Inc. acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at $8,392,000. Huntleigh Advisors Inc. acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 1st quarter valued at $7,388,000. Guggenheim Capital LLC raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock valued at $5,277,000 after buying an additional 65,926 shares during the period. Almitas Capital LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at $762,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 1st quarter valued at $542,000.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.8%

HYI stock opened at $12.05 on Thursday. Western Asset High Yield Defined Opportunity Fund Inc. has a 12-month low of $11.05 and a 12-month high of $12.44. The business’s fifty day moving average price is $11.92 and its 200 day moving average price is $11.86.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, November 20th. This represents a yield of 950.0%.

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.