SFI Advisors LLC Makes New Investment in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

SFI Advisors LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,535 shares of the company’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Western Asset High Yield Defined Opportunity Fund by 976.0% during the fourth quarter. International Assets Investment Management LLC now owns 139,676 shares of the company’s stock worth $1,689,000 after acquiring an additional 126,695 shares during the last quarter. Camelot Portfolios LLC grew its position in shares of Western Asset High Yield Defined Opportunity Fund by 60.2% in the fourth quarter. Camelot Portfolios LLC now owns 92,036 shares of the company’s stock valued at $1,113,000 after purchasing an additional 34,574 shares during the period. Comerica Bank acquired a new position in Western Asset High Yield Defined Opportunity Fund in the third quarter valued at $68,000. 1607 Capital Partners LLC lifted its position in Western Asset High Yield Defined Opportunity Fund by 3.3% during the third quarter. 1607 Capital Partners LLC now owns 135,571 shares of the company’s stock worth $1,558,000 after buying an additional 4,300 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its stake in Western Asset High Yield Defined Opportunity Fund by 124.1% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 227,736 shares of the company’s stock worth $2,617,000 after buying an additional 126,111 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.4 %

Shares of HYI stock traded down $0.05 during trading hours on Tuesday, hitting $11.54. 12,552 shares of the company were exchanged, compared to its average volume of 48,828. Western Asset High Yield Defined Opportunity Fund Inc. has a 1 year low of $10.99 and a 1 year high of $12.24. The firm has a fifty day moving average of $11.99 and a 200 day moving average of $11.77.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date is Monday, April 22nd.

Western Asset High Yield Defined Opportunity Fund Profile

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.