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 recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 200 shares, a decline of 97.7% from the November 15th total of 8,600 shares. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.0 days.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE:GDO remained flat at $11.70 during trading on Wednesday. 76,762 shares of the stock were exchanged, compared to its average volume of 48,801. The firm’s fifty day moving average is $11.97 and its two-hundred day moving average is $12.35. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $11.43 and a twelve month high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.122 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.46 annualized dividend and a yield of 12.51%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC lifted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock worth $625,000 after acquiring an additional 2,919 shares during the period. International Assets Investment Management LLC increased its position in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% during the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock worth $2,767,000 after purchasing an additional 198,288 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at $250,000. Almitas Capital LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the 2nd quarter valued at $2,475,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock worth $7,091,000 after buying an additional 50,706 shares during the last quarter.

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.