Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Drops By 97.7%

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

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Western Asset Global Corporate Defined Opportunity Fund stock opened at $11.70 on Thursday. The stock has a fifty day moving average of $11.95 and a 200-day moving average of $12.34. Western Asset Global Corporate Defined Opportunity Fund has a 52 week low of $11.43 and a 52 week high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued 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%.

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

Hedge funds have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at approximately $75,000. Sanctuary Advisors LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter valued at $250,000. Dynamic Advisor Solutions LLC boosted its holdings 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 valued at $625,000 after acquiring an additional 2,919 shares in the last quarter. Fiera Capital Corp grew its position in Western Asset Global Corporate Defined Opportunity Fund by 4.0% during the 3rd 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 acquired a new position in Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter worth about $2,475,000.

About Western Asset Global Corporate Defined Opportunity Fund

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.