Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Update

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 6,929 shares, a growth of 426.9% from the August 31st total of 1,315 shares. Based on an average daily trading volume, of 47,020 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of Western Asset Global Corporate Defined Opportunity Fund stock opened at $9.60 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $9.57 and a 12-month high of $12.14. The company’s 50-day moving average price is $10.15 and its 200-day moving average price is $10.60.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.1220 per share. This represents a $1.46 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth $30,000. CoreCap Advisors LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth $64,000. Van Diest Capital LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund during the first quarter valued at $149,000. Dynamic Advisor Solutions LLC boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 6.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock valued at $671,000 after buying an additional 3,550 shares during the period. Finally, Fiera Capital Corp grew its position in Western Asset Global Corporate Defined Opportunity Fund by 42.6% during the fourth quarter. Fiera Capital Corp now owns 104,687 shares of the company’s stock worth $1,236,000 after buying an additional 31,264 shares in the last quarter.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate Defined Opportunity Fund, Inc (NYSE:GDO) is a closed-end investment fund managed by Western Asset Management Company LLC. The fund seeks to provide investors with current income and the potential for capital appreciation by investing primarily in corporate debt securities issued by companies around the world.

Its portfolio may include investment-grade and below-investment-grade corporate bonds, floating-rate obligations, emerging-market debt and other fixed-income securities.