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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, an increase of 55.1% from the February 28th total of 6,900 shares. Based on an average daily volume of 38,600 shares, the days-to-cover ratio is presently 0.3 days.

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

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in 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 worth $6,447,000 after purchasing an additional 171,815 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 18.5% in the 4th quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock worth $1,102,000 after buying an additional 15,212 shares during the period. Raymond James Financial Inc. bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth $933,000. Wolverine Asset Management LLC purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at $646,000. Finally, Shaker Financial Services LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at about $572,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE GDO opened at $11.54 on Tuesday. The company’s 50-day moving average price is $11.41 and its 200-day moving average price is $11.71. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.92 and a 12 month high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.122 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 12.59%.

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.