Western Asset High Yield Defined Opportunity Fund Inc. $HYI Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC reduced its holdings in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 179,344 shares of the company’s stock after selling 149,743 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $1,768,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock worth $359,000 after purchasing an additional 1,635 shares during the last quarter. Calamos Advisors LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 26,332 shares of the company’s stock worth $281,000 after purchasing an additional 3,135 shares during the last quarter. Ionic Capital Management LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $213,000. Private Management Group Inc. lifted its holdings in Western Asset High Yield Defined Opportunity Fund by 37.3% during the 2nd quarter. Private Management Group Inc. now owns 16,623 shares of the company’s stock worth $177,000 after buying an additional 4,513 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the 2nd quarter worth about $162,000.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.6%

Shares of NYSE HYI traded down $0.06 during trading on Wednesday, reaching $9.62. The company had a trading volume of 24,138 shares, compared to its average volume of 60,916. The company’s fifty day moving average price is $10.19 and its 200-day moving average price is $10.49. Western Asset High Yield Defined Opportunity Fund Inc. has a 12 month low of $9.61 and a 12 month high of $11.57.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business 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 $0.0950 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.14 annualized dividend and a yield of 11.8%.

Western Asset High Yield Defined Opportunity Fund Profile

Western Asset High Yield Defined Opportunity Fund (NYSE: HYI) is a closed-end investment fund managed by Western Asset Management Company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

HYI invests primarily in below-investment-grade corporate debt, commonly known as high-yield or “junk” bonds. Its portfolio may include bonds and other fixed-income securities issued by companies in a range of industries, with an emphasis on securities that offer higher income in exchange for greater credit risk.

The fund is designed to provide investors with access to professionally managed high-yield credit markets through a publicly traded vehicle.