Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 5,500 shares, a drop of 74.1% from the December 15th total of 21,200 shares. Based on an average trading volume of 62,300 shares, the short-interest ratio is presently 0.1 days.
HYI traded down $0.09 on Wednesday, reaching $15.15. The company had a trading volume of 56,782 shares, compared to its average volume of 50,905. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $9.74 and a 52-week high of $16.46. The business has a 50 day simple moving average of $15.21 and a 200 day simple moving average of $14.58.
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 19th will be given a dividend of $0.0945 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Thursday, February 18th.
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.
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