Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Stock Short Interest Climbs 1,521.4%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 112,344 shares, an increase of 1,521.4% from the September 15th total of 6,929 shares. Based on an average trading volume of 83,474 shares, the short-interest ratio is presently 1.3 days.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.2%

Shares of Western Asset Global Corporate Defined Opportunity Fund stock traded down $0.02 on Friday, hitting $9.57. The company had a trading volume of 18,263 shares, compared to its average volume of 36,925. Western Asset Global Corporate Defined Opportunity Fund has a 52 week low of $9.33 and a 52 week high of $12.02. The business has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $10.50.

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. Shareholders of record on Friday, November 20th will be given a $0.1220 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Hedge funds have recently modified their holdings of the company. Noble Wealth Management PBC boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 126.9% during the third quarter. Noble Wealth Management PBC now owns 2,950 shares of the company’s stock valued at $28,000 after buying an additional 1,650 shares in the last quarter. Fifth Third Bancorp acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the first quarter worth about $30,000. Dynamic Advisor Solutions LLC raised its position in Western Asset Global Corporate Defined Opportunity Fund by 6.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock worth $671,000 after acquiring an additional 3,550 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth about $64,000. Finally, Van Diest Capital LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at about $149,000.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.