Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Stock Short Interest Report for October

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 38,890 shares, a decline of 65.4% from the September 30th total of 112,344 shares. Based on an average daily volume of 24,474 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the first quarter valued at approximately $30,000. Noble Wealth Management PBC increased its stake in Western Asset Global Corporate Defined Opportunity Fund by 126.9% in the third quarter. Noble Wealth Management PBC now owns 2,950 shares of the company’s stock valued at $28,000 after purchasing an additional 1,650 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth $64,000. Van Diest Capital LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth $149,000. Finally, Dynamic Advisor Solutions LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 6.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock worth $671,000 after purchasing an additional 3,550 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.5%

NYSE:GDO traded down $0.05 during mid-day trading on Friday, hitting $9.57. The company had a trading volume of 17,256 shares, compared to its average volume of 35,602. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $9.33 and a fifty-two week high of $11.93. The business’s fifty day moving average is $9.80 and its two-hundred day moving average is $10.64.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.1220 per share. This represents a $1.46 annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Friday, November 20th.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate Defined Opportunity Fund Inc was a closed-end investment fund listed on the New York Stock Exchange under the symbol GDO. The fund was designed to provide investors with current income and the opportunity for total return through a portfolio of corporate debt securities.

The fund invested primarily in corporate bonds and other fixed-income instruments issued by companies in the United States and international markets. Its portfolio could include securities across different industries, credit qualities and maturities, with Western Asset Management Company, LLC serving as the investment adviser and applying its global credit research and portfolio-management expertise.

As a defined-term fund, GDO was established with a planned termination date rather than an indefinite operating life.