Western Asset High Yield Defined Opportunity Fund Director Buys 1000 Shares at $11.71.

Western Asset High Yield Defined Opportunity Fund Inc. (HYI) has announced that Director Anthony Grillo has acquired 1000 shares at a price of $11.71 per share on May 27, 2023.

Western Asset High Yield Defined Opportunity Fund Inc. (HYI) has seen a notable insider transaction, with Director Anthony Grillo acquiring 1,000 shares at a price of $11.71 per share on May 27, 2023. This purchase, as reported in the company's SEC filings, suggests a bullish sentiment from a key stakeholder.

The fund, managed by Legg Mason Partners Fund Advisor, LLC and co-managed by various Western Asset Management subsidiaries, invests in high-yield corporate fixed income securities globally. The fund's focus on below-investment-grade securities positions it in a high-risk, high-reward segment of the fixed income market.

Director Grillo's purchase of 1,000 shares at $11.71 each represents a total investment of $11,710. This transaction, filed under SEC Form 4, indicates a significant level of confidence in the fund's future prospects. Such insider purchases can often signal positive sentiment and potential future performance.

The fund has seen various leadership updates and significant ownership changes, as evidenced by recent SEC filings. The latest distribution announcements from Franklin Templeton Fund Adviser, LLC, which manages HYI, have shown consistent payouts, reflecting the fund's performance and liquidity.

As of the current date, May 29, 2025, the fund continues to operate under the management of Western Asset Management Company and its subsidiaries. The fund's performance and future prospects will be closely watched by investors, given the recent insider activity and the fund's strategic focus on high-yield securities.

References:
[1] https://quantisnow.com/company/HYI