Short Interest in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Expands By 884.6%

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 12,800 shares, a growth of 884.6% from the January 31st total of 1,300 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is presently 0.3 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.2 %

Shares of GDO opened at $11.38 on Friday. The company has a 50 day moving average price of $11.29 and a 200-day moving average price of $11.92. 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.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.122 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.46 annualized dividend and a dividend yield of 12.87%.

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

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 25.1% in the 4th 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 during the period. 1607 Capital Partners LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth approximately $322,000. Shaker Financial Services LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $572,000. Wolverine Asset Management LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $646,000. Finally, Fiera Capital Corp raised its stake in shares of 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 in the last quarter.

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.