Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 44.3% in February

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 11,400 shares, an increase of 44.3% from the February 13th total of 7,900 shares. Based on an average daily trading volume, of 52,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently modified their holdings of HYI. Kovitz Investment Group Partners LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth about $707,000. Avior Wealth Management LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at about $65,000. RVW Wealth LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 41.7% during the 4th quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock valued at $327,000 after buying an additional 8,123 shares during the period. Consolidated Portfolio Review Corp increased its stake in Western Asset High Yield Defined Opportunity Fund by 1.7% during the 4th quarter. Consolidated Portfolio Review Corp now owns 73,857 shares of the company’s stock valued at $873,000 after buying an additional 1,221 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 25.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 15,138 shares of the company’s stock valued at $179,000 after buying an additional 3,091 shares during the period.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.3 %

HYI stock opened at $11.83 on Friday. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $11.38 and a fifty-two week high of $12.44. The firm’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $12.10.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.095 dividend. The ex-dividend date is Monday, March 24th.

About Western Asset High Yield Defined Opportunity Fund

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.