Western Asset High Yield Defined Opportunity Fund (HYI) Short Interest Ratio & Short Volume

Short interest is the volume of Western Asset High Yield Defined Opportunity Fund shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 25,200 shares of HYI short. Learn More on Western Asset High Yield Defined Opportunity Fund's current short interest.

Western Asset High Yield Defined Opportunity Fund saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 25,200 shares, an increase of 50.0% from the previous total of 16,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling HYI is an investing strategy that aims to generate trading profit from Western Asset High Yield Defined Opportunity Fund as its price is falling. HYI shares are trading up $0.05 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Western Asset High Yield Defined Opportunity Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of HYI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HYI, twice per month. The most recent reporting period available is March, 31 2024.