Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Sees Large Decrease in Short Interest

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 200 shares, a decline of 97.7% from the November 15th total of 8,600 shares. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at $75,000. Sanctuary Advisors LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at about $250,000. Dynamic Advisor Solutions LLC increased its holdings in Western Asset Global Corporate Defined Opportunity Fund by 6.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock valued at $625,000 after acquiring an additional 2,919 shares in the last quarter. Fiera Capital Corp raised its position in Western Asset Global Corporate Defined Opportunity Fund by 4.0% during the third quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock worth $778,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Almitas Capital LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at about $2,475,000.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of Western Asset Global Corporate Defined Opportunity Fund stock remained flat at $11.70 during trading hours on Wednesday. The stock had a trading volume of 76,762 shares, compared to its average volume of 48,801. The firm has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $12.35. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $11.43 and a twelve month high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.122 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.51%.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.