Short Interest in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Declines By 84.0%

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,000 shares, a drop of 84.0% from the December 31st total of 12,500 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Several large investors have recently bought and sold shares of the business. Avior Wealth Management LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth about $65,000. Future Financial Wealth Managment LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the third quarter valued at approximately $79,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at $128,000. MRA Advisory Group bought a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter valued at $136,000. Finally, Sanctuary Advisors LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the second quarter worth $180,000.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.4 %

HYI traded down $0.05 during trading on Wednesday, hitting $11.97. 142,584 shares of the stock traded hands, compared to its average volume of 46,277. The business has a 50 day moving average price of $12.02 and a 200 day moving average price of $12.06. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $11.38 and a twelve month high of $12.44.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 9.46%.

Western Asset High Yield Defined Opportunity Fund Company 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.