Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Update

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 12,300 shares, a decline of 53.2% from the December 15th total of 26,300 shares. Based on an average daily volume of 52,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp boosted its holdings 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 purchasing an additional 2,322 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of 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 worth $625,000 after buying an additional 2,919 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at about $250,000. Jane Street Group LLC increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 52.2% in the third quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock valued at $6,447,000 after acquiring an additional 171,815 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock valued at $2,767,000 after acquiring an additional 198,288 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.3 %

Shares of Western Asset Global Corporate Defined Opportunity Fund stock traded up $0.03 on Tuesday, hitting $11.04. The company had a trading volume of 31,252 shares, compared to its average volume of 48,494. The stock has a 50-day moving average of $11.49 and a 200-day moving average of $12.16. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.92 and a twelve month high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.122 per share. This represents a $1.46 dividend on an annualized basis and a yield of 13.26%. The ex-dividend date is Friday, January 24th.

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.