Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Up 55.1% in March

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the target of a significant increase in short interest in 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 trading volume, of 38,600 shares, the short-interest ratio is currently 0.3 days.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 1.0 %

Shares of NYSE GDO traded up $0.11 during trading on Monday, reaching $11.54. The stock had a trading volume of 39,489 shares, compared to its average volume of 48,478. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.92 and a fifty-two week high of $13.01. The business’s 50-day moving average price is $11.40 and its 200-day moving average price is $11.72.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GDO. Jane Street Group LLC lifted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the 3rd quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after buying an additional 171,815 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 18.5% in the fourth quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock valued at $1,102,000 after acquiring an additional 15,212 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at $933,000. Wolverine Asset Management LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth $646,000. Finally, Shaker Financial Services LLC purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth about $572,000.

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.