Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Short Interest Up 13,050.0% in December

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 days-to-cover ratio is currently 0.5 days.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.3 %

NYSE:GDO traded up $0.03 during mid-day trading on Thursday, reaching $11.22. The company’s stock had a trading volume of 11,339 shares, compared to its average volume of 49,686. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.96 and a twelve month high of $13.04. The company’s fifty day simple moving average is $11.72 and its two-hundred day simple moving average is $12.27.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.122 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.46 dividend on an annualized basis and a yield of 13.05%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock worth $625,000 after acquiring an additional 2,919 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% during 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. Sanctuary Advisors LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 2nd quarter worth approximately $250,000. Almitas Capital LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund during the second quarter worth $2,475,000. Finally, Allspring Global Investments Holdings LLC increased 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 during the period.

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.