Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 32,200 shares, a growth of 2,583.3% from the September 30th total of 1,200 shares. Based on an average daily volume of 59,100 shares, the short-interest ratio is presently 0.5 days.
Western Asset Global Corporate Defined Opportunity Fund Stock Performance
Shares of NYSE GDO traded up $0.03 during trading on Friday, reaching $11.95. 28,407 shares of the company traded hands, compared to its average volume of 48,670. The firm’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $12.42. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.21 and a 12-month high of $13.04.
Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a $0.122 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date is Thursday, November 21st.
Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund
About Western Asset Global Corporate Defined Opportunity Fund
Western Asset Global Corporate 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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