Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Down 62.1% in May

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,768 shares, a decline of 62.1% from the April 30th total of 44,263 shares. Based on an average daily trading volume, of 46,973 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 6.1% during the fourth quarter. Guggenheim Capital LLC now owns 429,166 shares of the company’s stock worth $4,789,000 after acquiring an additional 24,709 shares during the period. Uncommon Cents Investing LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 0.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 290,650 shares of the company’s stock worth $3,244,000 after acquiring an additional 2,450 shares during the period. Absolute Investment Advisers LLC bought a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $2,735,000. Shaker Financial Services LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 452.8% during the fourth quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock worth $2,580,000 after acquiring an additional 189,369 shares during the period. Finally, Wolverine Asset Management LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 760.0% during the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after acquiring an additional 178,470 shares during the period.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock traded down $0.03 on Monday, reaching $10.61. The stock had a trading volume of 109,084 shares, compared to its average volume of 59,269. The business’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.97. 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 company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, August 24th.

About Western Asset High Yield Defined Opportunity Fund

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.