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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 6,700 shares, a drop of 35.6% from the June 30th total of 10,400 shares. Based on an average daily volume of 48,200 shares, the short-interest ratio is currently 0.1 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE GDO traded up $0.05 during midday trading on Friday, hitting $12.43. The company had a trading volume of 19,191 shares, compared to its average volume of 43,822. The firm has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $12.37. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $11.21 and a fifty-two week high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a $0.122 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.46 annualized dividend and a yield of 11.78%.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of GDO. International Assets Investment Management LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,048.4% during the 4th quarter. International Assets Investment Management LLC now owns 213,323 shares of the company’s stock valued at $2,724,000 after acquiring an additional 194,748 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 27.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 530,044 shares of the company’s stock valued at $6,769,000 after acquiring an additional 115,072 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the 1st quarter valued at about $464,000. Moloney Securities Asset Management LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock valued at $354,000 after acquiring an additional 9,943 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.9% during the 4th quarter. Sowell Financial Services LLC now owns 65,950 shares of the company’s stock valued at $842,000 after acquiring an additional 1,200 shares in the last quarter.

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.