Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 21.7% in January

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 21,570 shares, an increase of 21.7% from the January 15th total of 17,719 shares. Based on an average daily trading volume, of 42,579 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 42,579 shares, the short-interest ratio is currently 0.5 days.

Western Asset High Yield Defined Opportunity Fund Price Performance

HYI opened at $11.25 on Thursday. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.87 and a 12 month high of $12.21. The stock has a fifty day moving average price of $11.13 and a 200-day moving average price of $11.44.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of institutional investors have recently modified their holdings of HYI. Jane Street Group LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 1st quarter worth approximately $207,000. Allworth Financial LP acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter worth $132,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 2nd quarter valued at $990,000. Steward Partners Investment Advisory LLC boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 2.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 76,584 shares of the company’s stock worth $917,000 after purchasing an additional 1,825 shares in the last quarter. Finally, Icon Advisers Inc. Co. grew its stake in Western Asset High Yield Defined Opportunity Fund by 59.1% during the 2nd quarter. Icon Advisers Inc. Co. now owns 664,463 shares of the company’s stock worth $7,960,000 after buying an additional 246,846 shares during the last quarter.

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.