Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Grows By 55.1%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, a growth of 55.1% from the February 28th total of 6,900 shares. Based on an average trading volume of 38,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 18.5% during the 4th quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock worth $1,102,000 after acquiring an additional 15,212 shares during the last quarter. Shaker Financial Services LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth $572,000. 1607 Capital Partners LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at $322,000. Raymond James Financial Inc. bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter worth about $933,000. Finally, Commonwealth Equity Services LLC increased its stake in Western Asset Global Corporate Defined Opportunity Fund by 25.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,948 shares of the company’s stock worth $283,000 after buying an additional 4,998 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of GDO opened at $11.42 on Friday. The company’s fifty day simple moving average is $11.40 and its 200-day simple moving average is $11.73. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.92 and a twelve month high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.122 dividend. This represents a yield of 12.59%. The ex-dividend date is Monday, March 24th.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.