Wolverine Asset Management LLC Grows Stock Position in Western Asset High Yield Defined Opportunity Fund Inc. $HYI

Wolverine Asset Management LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 760.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,953 shares of the company’s stock after buying an additional 178,470 shares during the quarter. Wolverine Asset Management LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the third quarter valued at about $73,000. MRA Advisory Group raised its stake in Western Asset High Yield Defined Opportunity Fund by 8.2% in the third quarter. MRA Advisory Group now owns 12,558 shares of the company’s stock valued at $147,000 after buying an additional 954 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at about $163,000. Jones Financial Companies Lllp raised its stake in Western Asset High Yield Defined Opportunity Fund by 10.4% in the third quarter. Jones Financial Companies Lllp now owns 15,288 shares of the company’s stock valued at $179,000 after buying an additional 1,441 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the first quarter valued at about $207,000.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.3%

Western Asset High Yield Defined Opportunity Fund stock opened at $10.82 on Tuesday. The stock has a 50-day moving average of $10.87 and a two-hundred day moving average of $11.08. Western Asset High Yield Defined Opportunity Fund Inc. has a one year low of $10.44 and a one year high of $12.13.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.095 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Western Asset High Yield Defined Opportunity Fund 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.