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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 55,100 shares, an increase of 424.8% from the July 31st total of 10,500 shares. Based on an average daily volume of 68,100 shares, the short-interest ratio is presently 0.8 days.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE:HYI traded down $0.09 during midday trading on Wednesday, hitting $11.97. The stock had a trading volume of 37,339 shares, compared to its average volume of 59,657. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.99 and a 12 month high of $12.24. The business’s 50-day simple moving average is $11.79 and its 200-day simple moving average is $11.78.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be given a $0.095 dividend. The ex-dividend date is Monday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in Western Asset High Yield Defined Opportunity Fund by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 498,754 shares of the company’s stock worth $5,965,000 after purchasing an additional 1,972 shares during the period. Hara Capital LLC lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 17.4% in the second quarter. Hara Capital LLC now owns 180,743 shares of the company’s stock valued at $2,097,000 after buying an additional 26,725 shares during the last quarter. Raymond James & Associates lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 7.2% in the second quarter. Raymond James & Associates now owns 138,342 shares of the company’s stock valued at $1,605,000 after buying an additional 9,283 shares during the last quarter. Shaker Financial Services LLC boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 163.2% during the 2nd quarter. Shaker Financial Services LLC now owns 109,635 shares of the company’s stock worth $1,285,000 after acquiring an additional 67,976 shares during the period. Finally, Consolidated Portfolio Review Corp increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 103.6% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 71,800 shares of the company’s stock worth $833,000 after acquiring an additional 36,527 shares during 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.