Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.095 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Western Asset High Yield Defined Opportunity Fund Stock Performance
NYSE HYI opened at $10.53 on Thursday. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.35 and a 12 month high of $12.13. The company’s 50 day moving average is $10.56 and its two-hundred day moving average is $10.79.
Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund
A number of hedge funds have recently made changes to their positions in HYI. Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at about $2,735,000. Shaker Financial Services LLC lifted 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 valued at $2,580,000 after purchasing an additional 189,369 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 1,033.4% in the 2nd quarter. Jane Street Group LLC now owns 198,577 shares of the company’s stock worth $2,379,000 after buying an additional 181,056 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 760.0% in the 4th quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after buying an additional 178,470 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at about $1,075,000.
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.
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