Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Update

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 26,300 shares, an increase of 13,050.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 53,600 shares, the short-interest ratio is currently 0.5 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock valued at $7,091,000 after acquiring an additional 50,706 shares during the period. Jane Street Group LLC grew 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 valued at $6,447,000 after purchasing an additional 171,815 shares during the last quarter. International Assets Investment Management LLC raised its position in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the 3rd quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock worth $2,767,000 after purchasing an additional 198,288 shares during the period. Almitas Capital LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth about $2,475,000. Finally, Fiera Capital Corp boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 4.0% during the third quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock valued at $778,000 after buying an additional 2,322 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO opened at $11.18 on Friday. The company’s fifty day moving average is $11.72 and its 200 day moving average is $12.27. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.96 and a fifty-two week high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.122 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 13.09%. The ex-dividend date of this dividend is Friday, January 24th.

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.