Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Down 54.6% in September

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 18,800 shares, a drop of 54.6% from the September 15th total of 41,400 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Large investors have recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 6.8% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 20,637 shares of the company’s stock worth $247,000 after purchasing an additional 1,321 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Western Asset High Yield Defined Opportunity Fund by 8.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 33,175 shares of the company’s stock worth $397,000 after acquiring an additional 2,500 shares during the last quarter. Catalytic Wealth RIA LLC raised its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 27.6% during the 1st quarter. Catalytic Wealth RIA LLC now owns 15,695 shares of the company’s stock worth $188,000 after acquiring an additional 3,393 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at about $79,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the second quarter valued at about $95,000.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.1 %

Shares of HYI stock traded down $0.01 on Friday, reaching $12.32. 45,176 shares of the company were exchanged, compared to its average volume of 58,932. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $10.99 and a 1 year high of $12.44. The business has a 50-day moving average price of $12.14 and a 200 day moving average price of $11.82.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, October 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.