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The Western Asset High Yield Defined Opportunity Fund Inc. functions as a closed-end investment vehicle, concentrating its portfolio on fixed-income assets. Its inception and primary oversight are managed by Legg Mason Partners Fund Advisor, LLC. Additionally, a collective of entities including Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd, and Western Asset Management Company Limited contribute to its co-management. The fund strategically allocates capital across global fixed-income markets, with a particular focus on…
Is HYI's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Western Asset High Yield Opportunity Fund Inc. (the âFundâ) (NYSE: HYI) announced today the results of the votes cast at the Fund's annual meeting of stockh
Western Asset High Yield Opportunity Fund is a non-leveraged CEF trading at a relatively wider discount. I believe HYI is a 'Buy' due to its widened discount and conservative structure relative to leveraged peers, pushed down further in a higher rate environment. However, HYI's distribution is not fully covered, with NII coverage at 86%, risking continued NAV erosion unless the payout is cut.
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI - Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 43,660 shares, an increase of 127.6% from the July 15th total of 19,179 shares. Based on an average trading volume of 66,746 shares, the
Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI - Get Free Report) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.55 and traded as high as $10.55. Western Asset High Yield Defined Opportunity Fund shares last traded at $10.5260,
The Western Asset High Yield Opportunity Fund offers a compelling 10.71% yield but faces sustainability concerns due to a steadily declining net asset value. HYI invests primarily in diversified high-yield (junk) bonds, limiting single-issuer risk, but is exposed to sector-wide default and interest rate risks. The fund's distributions exceed net investment income and realized gains, relying on unrealized gains, which may be unsustainable for a perpetual closed-end structure.