Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Stock Short Interest Report for October

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 38,890 shares, a drop of 65.4% from the September 30th total of 112,344 shares. Based on an average daily trading volume, of 24,474 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van Diest Capital LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at about $149,000. CoreCap Advisors LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter worth about $64,000. Dynamic Advisor Solutions LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock valued at $671,000 after purchasing an additional 3,550 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter valued at approximately $30,000. Finally, Noble Wealth Management PBC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 126.9% in the third quarter. Noble Wealth Management PBC now owns 2,950 shares of the company’s stock valued at $28,000 after purchasing an additional 1,650 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

NYSE GDO traded up $0.12 on Thursday, reaching $9.61. The stock had a trading volume of 36,667 shares, compared to its average volume of 35,690. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $9.33 and a 12-month high of $11.93. The business’s 50-day moving average price is $9.82 and its 200 day moving average price is $10.65.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.1220 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.46 annualized dividend and a dividend yield of 15.2%.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol GDO. The fund seeks to provide current income and total return by investing primarily in a diversified portfolio of global corporate debt securities.

Its portfolio may include investment-grade and below-investment-grade corporate bonds and other fixed-income obligations issued by companies in the United States and international markets. The fund’s global mandate gives it exposure to corporate credit markets across multiple countries and geographic regions, while its closed-end structure allows shares to trade on an exchange after issuance.

Western Asset Global Corporate Defined Opportunity Fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income strategies and affiliated with Franklin Resources.