Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Sees Large Decrease in Short Interest

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 6,700 shares, a decrease of 35.6% from the June 30th total of 10,400 shares. Based on an average trading volume of 48,200 shares, the short-interest ratio is currently 0.1 days.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.5 %

Shares of Western Asset Global Corporate Defined Opportunity Fund stock traded down $0.06 on Monday, hitting $12.37. 43,415 shares of the company traded hands, compared to its average volume of 43,818. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.21 and a 12-month high of $13.04. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.37.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be paid a $0.122 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.46 annualized dividend and a dividend yield of 11.84%.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in GDO. Allspring Global Investments Holdings LLC lifted its position 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 worth $7,091,000 after buying an additional 50,706 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in Western Asset Global Corporate Defined Opportunity Fund by 54.0% during the first quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock worth $354,000 after purchasing an additional 9,943 shares during the period. PFG Investments LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the first quarter valued at approximately $464,000. Sowell Financial Services LLC raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.9% in the fourth quarter. Sowell Financial Services LLC now owns 65,950 shares of the company’s stock valued at $842,000 after purchasing an additional 1,200 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,048.4% in the fourth quarter. International Assets Investment Management LLC now owns 213,323 shares of the company’s stock worth $2,724,000 after buying an additional 194,748 shares during 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.