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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 25,600 shares, a growth of 10.8% from the June 15th total of 23,100 shares. Based on an average daily trading volume, of 68,600 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

Institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the first quarter valued at approximately $83,000. Catalytic Wealth RIA LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $149,000. Stonebrook Private Inc. bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $154,000. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $234,000. Finally, SFI Advisors LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at approximately $297,000.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.2 %

Shares of NYSE:HYI traded up $0.02 during trading on Wednesday, reaching $11.77. The stock had a trading volume of 46,675 shares, compared to its average volume of 59,540. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.99 and a 52 week high of $12.24. The stock has a fifty day simple moving average of $11.58 and a two-hundred day simple moving average of $11.81.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date is Wednesday, July 24th.

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.