Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Sees Significant Decline in Short Interest

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 17,834 shares, a decline of 51.8% from the April 15th total of 36,999 shares. Based on an average daily volume of 23,439 shares, the short-interest ratio is currently 0.8 days.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.2%

Shares of NYSE GDO opened at $10.91 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.52 and a twelve month high of $12.15. The business has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $11.40.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.122 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.4%.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Large investors have recently modified their holdings of the company. 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. Advisory Services Network LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the third quarter worth approximately $37,000. Kestra Advisory Services LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth approximately $84,000. Susquehanna International Group LLP bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth approximately $177,000. Finally, Cetera Investment Advisers increased its position in Western Asset Global Corporate Defined Opportunity Fund by 43.6% in the 4th quarter. Cetera Investment Advisers now owns 19,836 shares of the company’s stock valued at $234,000 after acquiring an additional 6,020 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.