Short Interest in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Decreases By 68.3%

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 13,829 shares, a decrease of 68.3% from the July 30th total of 43,660 shares. Based on an average daily volume of 48,491 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 1,033.4% in the second quarter. Jane Street Group LLC now owns 198,577 shares of the company’s stock worth $2,379,000 after buying an additional 181,056 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 760.0% during the 4th quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock valued at $2,254,000 after purchasing an additional 178,470 shares during the last quarter. Quarry LP purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at $1,075,000. 1607 Capital Partners LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth $578,000. Finally, Readystate Asset Management LP raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 120.6% in the fourth quarter. Readystate Asset Management LP now owns 65,882 shares of the company’s stock worth $735,000 after purchasing an additional 36,021 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of HYI stock traded down $0.01 during trading hours on Friday, hitting $10.38. 35,425 shares of the company’s stock traded hands, compared to its average volume of 60,079. The stock’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $10.71. Western Asset High Yield Defined Opportunity Fund has a 12-month low of $10.34 and a 12-month high of $12.13.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.