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

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

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 52.2% in 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 boosted its position in shares of 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 valued at $2,767,000 after purchasing an additional 198,288 shares during the period. Almitas Capital LLC purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 2nd quarter worth approximately $2,475,000. Finally, Fiera Capital Corp grew its stake 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 buying an additional 2,322 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.3 %

NYSE:GDO traded down $0.03 during midday trading on Friday, reaching $11.51. The company had a trading volume of 85,720 shares, compared to its average volume of 48,964. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.43 and a 12-month high of $13.04. The stock’s fifty day simple moving average is $11.93 and its 200-day simple moving average is $12.34.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.122 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date is Monday, December 23rd.

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.