Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Update

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 6,900 shares, a decline of 46.1% from the February 13th total of 12,800 shares. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at about $646,000. Jane Street Group LLC grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the 3rd quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after buying an additional 171,815 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 18.5% in the 4th quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock valued at $1,102,000 after acquiring an additional 15,212 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter valued at approximately $933,000. Finally, Shaker Financial Services LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter valued at approximately $572,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1 %

Shares of NYSE:GDO traded down $0.01 during trading on Friday, hitting $11.46. 22,513 shares of the company’s stock were exchanged, compared to its average volume of 49,740. The firm has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $11.81. Western Asset Global Corporate Defined Opportunity Fund has a 1-year low of $10.92 and a 1-year high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.122 per share. This represents a $1.46 dividend on an annualized basis and a yield of 12.77%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate 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.