HYI
Western Asset High Yield Defined Opportunity Fund Inc.·Financial Services
10.78
0.919%(−0.10)
Market ClosedLast Updated: — ET
52W L: $10.4452W H: $12.13
HYI NEWS
seekingalpha.com
Apr 1
Income-Covered Closed-End Fund Report, March 2026
The Income-Covered Closed-End Fund Report screens for CEFs with distribution coverage exceeding 100%, targeting funds less likely to cut payouts. Discounted, fully-covered CEFs offer dual benefits: potential price appreciation from narrowing discounts and enhanced yields based on full NAV distributions. Composite metrics combining yield, discount, and z-score help identify CEFs offering value on both absolute and relative terms, with high income potential.
seekingalpha.com
Feb 24
HYI: Discount Widens But Still Looking For Better Entry Level
Western Asset High Yield Opportunity Fund transitioned from a term to a perpetual structure last year, resulting in a widened discount post-tender offer. HYI's non-leveraged approach is unique in the high-yield CEF space, but its discount is currently only around the historical average and not a compelling bargain. Distribution yield stands at 10.23%, with recent NII coverage fluctuating; semi-annual and annual coverage is around 83%, indicating some overdistribution.
seekingalpha.com
Feb 23
HYI: Higher Rates Present An Opportunity To Accumulate
Western Asset High Yield Opportunity Fund offers a 10.2% yield, trading at a 6.07% discount to NAV, making it attractive amid high rates. HYI's portfolio is 85.89% below investment-grade bonds, with sector concentration in consumer cyclical, communications, and energy driving risk and return. HYI's NAV and share price have been pressured by high rates, but future rate cuts are expected to catalyze earnings, NAV growth, and improved dividend coverage.
defenseworld.net
Feb 19
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Short Interest Up 21.7% in January
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI - Get Free Report) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 21,570 shares, an increase of 21.7% from the January 15th total of 17,719 shares. Based on an average daily trading volume,
businesswire.com
Jan 27
Western Asset High Yield Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
