245,966 Shares in Western Asset High Yield Defined Opportunity Fund Inc. $HYI Purchased by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 245,966 shares of the company’s stock, valued at approximately $2,735,000.

A number of other hedge funds have also recently added to or reduced their stakes in HYI. Advisory Services Network LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth about $73,000. World Investment Advisors bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth about $139,000. MRA Advisory Group grew its holdings in 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 acquiring an additional 954 shares during the last quarter. Savvy Advisors Inc. bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $163,000. Finally, Jones Financial Companies Lllp grew its holdings in Western Asset High Yield Defined Opportunity Fund by 10.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,288 shares of the company’s stock worth $179,000 after acquiring an additional 1,441 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE:HYI opened at $10.94 on Wednesday. Western Asset High Yield Defined Opportunity Fund Inc. has a 12 month low of $10.44 and a 12 month high of $12.13. The company’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $11.11.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Thursday, May 21st.

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.