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 target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 7,900 shares, a decline of 10.2% from the August 15th total of 8,800 shares. Based on an average daily volume of 62,900 shares, the short-interest ratio is currently 0.1 days.

Western Asset High Yield Defined Opportunity Fund Stock Performance

NYSE:HYI remained flat at $11.65 during trading hours on Monday. 37,480 shares of the company’s stock were exchanged, compared to its average volume of 58,040. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $11.15 and a fifty-two week high of $13.01. The company’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $11.71.

Western Asset High Yield Defined Opportunity Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd will be given a dividend of $0.095 per share. This is an increase from Western Asset High Yield Defined Opportunity Fund’s previous dividend of $0.09. The ex-dividend date is Thursday, September 21st.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Freedom Wealth Alliance LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth $25,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth $40,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth $41,000. JPMorgan Chase & Co. purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 1st quarter worth $56,000. Finally, NewEdge Advisors LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 2,197.2% in the 1st quarter. NewEdge Advisors LLC now owns 10,567 shares of the company’s stock worth $122,000 after buying an additional 10,107 shares in the last quarter.

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.