Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Update

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 10,700 shares, a growth of 55.1% from the February 28th total of 6,900 shares. Based on an average daily volume of 38,600 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 25.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,948 shares of the company’s stock worth $283,000 after purchasing an additional 4,998 shares in the last quarter. 1607 Capital Partners LLC purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at about $322,000. Shaker Financial Services LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter worth about $572,000. Wolverine Asset Management LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth about $646,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at about $933,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE:GDO opened at $11.54 on Tuesday. The company’s 50-day simple moving average is $11.41 and its 200-day simple moving average is $11.71. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.92 and a fifty-two week high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.122 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 12.59%.

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.