Western Asset Municipal Defined Opportunity Trust (MTT) Short Interest Ratio & Short Volume

Short interest is the volume of Western Asset Municipal Defined Opportunity Trust shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 2,600 shares of MTT short. Learn More on Western Asset Municipal Defined Opportunity Trust's current short interest.

Western Asset Municipal Defined Opportunity Trust saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,600 shares, a decline of 18.8% from the previous total of 3,200 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.

Here is how the short interest of companies in the sector of "finance" compare to Western Asset Municipal Defined Opportunity Trust: Bain Capital Specialty Finance, Inc. (0.26%), Banco Bradesco S.A. (0.00%), Burford Capital Limited (0.81%), Grupo Financiero Galicia S.A. (3.20%), Intercorp Financial Services Inc. (0.25%), Itaú Unibanco Holding S.A. (0.54%), Northeast Bank (0.87%), Pioneer Bancorp, Inc. (0.27%), Rand Capital Co. (0.39%), Summit State Bank (0.15%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), Nuance Communications, Inc. ($2.18 billion), and Palo Alto Networks, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling MTT is an investing strategy that aims to generate trading profit from Western Asset Municipal Defined Opportunity Trust as its price is falling. 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 Municipal Defined Opportunity Trust occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MTT, 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 MTT, twice per month. The most recent reporting period available is April, 15 2021.