Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 120.2% in April

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 44,263 shares, a growth of 120.2% from the April 15th total of 20,105 shares. Based on an average daily trading volume, of 81,845 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Western Asset High Yield Defined Opportunity Fund by 55.7% in the 4th quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock worth $68,000 after purchasing an additional 2,173 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth approximately $73,000. Fifth Third Bancorp acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 1st quarter worth approximately $77,000. Kanen Wealth Management LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $112,000. Finally, MRA Advisory Group grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 8.2% during the 3rd quarter. MRA Advisory Group now owns 12,558 shares of the company’s stock worth $147,000 after purchasing an additional 954 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

NYSE HYI traded down $0.07 during midday trading on Friday, hitting $10.64. The company had a trading volume of 28,734 shares, compared to its average volume of 57,958. The firm has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $11.03. Western Asset High Yield Defined Opportunity Fund has a fifty-two week low of $10.44 and a fifty-two week high of $12.13.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.095 dividend. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Monday, August 24th.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.