Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Decreases By 46.1%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a decline of 46.1% from the February 13th total of 12,800 shares. Based on an average daily trading volume, of 43,900 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1 %

Shares of Western Asset Global Corporate Defined Opportunity Fund stock traded down $0.01 on Friday, hitting $11.46. The company had a trading volume of 22,513 shares, compared to its average volume of 49,740. The stock has a 50-day moving average of $11.32 and a 200-day moving average of $11.81. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 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 12.77%. The ex-dividend date is Monday, March 24th.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Several hedge funds and other institutional investors have recently modified their holdings of GDO. Ameriprise Financial Inc. grew its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 18.5% during the fourth 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 in the last quarter. Shaker Financial Services LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $572,000. 1607 Capital Partners LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $322,000. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at approximately $933,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 25.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,948 shares of the company’s stock worth $283,000 after purchasing an additional 4,998 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.