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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYIGet Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 25,200 shares, a growth of 50.0% from the March 15th total of 16,800 shares. Based on an average daily trading volume, of 50,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Western Asset High Yield Defined Opportunity Fund by 3.2% during the first quarter. Bank of America Corp DE now owns 36,297 shares of the company’s stock valued at $435,000 after purchasing an additional 1,141 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 2.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 75,881 shares of the company’s stock worth $947,000 after acquiring an additional 1,974 shares during the last quarter. UBS Group AG raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 5.3% during the fourth quarter. UBS Group AG now owns 39,394 shares of the company’s stock worth $476,000 after purchasing an additional 1,995 shares during the period. Freedom Wealth Alliance LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at $25,000. Finally, Gilman Hill Asset Management LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 8.1% during the 1st quarter. Gilman Hill Asset Management LLC now owns 33,175 shares of the company’s stock worth $397,000 after buying an additional 2,500 shares during the period.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.7 %

Shares of HYI stock traded down $0.08 during midday trading on Friday, reaching $11.75. 23,230 shares of the company were exchanged, compared to its average volume of 49,451. The company’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $11.76. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.99 and a 12 month high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 9.70%. The ex-dividend date of this dividend is Monday, April 22nd.

About Western Asset High Yield Defined Opportunity Fund

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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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