Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Down 62.1% in May

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,768 shares, a decline of 62.1% from the April 30th total of 44,263 shares. Based on an average trading volume of 46,973 shares, the days-to-cover ratio is presently 0.4 days.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.1%

Shares of NYSE HYI opened at $10.63 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 $10.74 and its 200-day simple moving average is $10.98.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

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

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the first quarter valued at about $207,000. Invesco Ltd. increased its holdings in Western Asset High Yield Defined Opportunity Fund by 4.7% in the second quarter. Invesco Ltd. now owns 76,276 shares of the company’s stock valued at $914,000 after buying an additional 3,447 shares during the last quarter. Bank of America Corp DE increased its holdings in Western Asset High Yield Defined Opportunity Fund by 9.9% in the second quarter. Bank of America Corp DE now owns 39,569 shares of the company’s stock valued at $474,000 after buying an additional 3,562 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Western Asset High Yield Defined Opportunity Fund by 65.0% in the second quarter. Osaic Holdings Inc. now owns 20,792 shares of the company’s stock valued at $249,000 after buying an additional 8,189 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Western Asset High Yield Defined Opportunity Fund by 10.4% in the third quarter. Jones Financial Companies Lllp now owns 15,288 shares of the company’s stock valued at $179,000 after buying an additional 1,441 shares during the last quarter.

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.