HYI
Western Asset High Yield Opportunity Fund Inc.HYI
HYI
About: Western Asset High Yield Defined Opps. is a non-diversified, limited-term, closed-end management investment company. The company's investment objective is to provide high income and seek capital appreciation. The fund invests a majority of its net assets in a portfolio of high-yield corporate fixed-income securities issued or originated by U.S. or foreign public or private corporations and other business entities, with varying maturities.
0
Funds holding %
of 7,342 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
6% more funds holding
Funds holding: 54 [Q4 2024] → 57 (+3) [Q1 2025]
5% more capital invested
Capital invested by funds: $75.1M [Q4 2024] → $79M (+$3.9M) [Q1 2025]
1.39% more ownership
Funds ownership: 28.04% [Q4 2024] → 29.43% (+1.39%) [Q1 2025]
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
Research analyst outlook
We haven’t received any recent analyst ratings for HYI.
Financial journalist opinion
Negative
Seeking Alpha
1 week ago
CEF Weekly Review: Why Are Muni CEF NAVs Falling?
We review the CEF market valuation and performance through the fourth week of July and highlight recent market action. Muni CEFs face NAV pressure from rising Treasury rates, underperformance, and overdistribution, but the sector remains attractive amid tight credit spreads. High yield bond CEF HYI completed its tender offer and will become a perpetual CEF.
Neutral
Business Wire
3 weeks ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Final Tender Offer Results and Elimination of Term
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Seeking Alpha
1 month ago
CEF Weekly Review: HYI Wants To Keep Going
We review the CEF market valuation and performance through the second week of June and highlight recent market action. CEFs had a strong week, with most sectors posting positive NAV returns. HYI will hold a tender offer - the result of which will determine whether it remains outstanding.
Positive
Seeking Alpha
2 months ago
HYI: Potential Switch To Perpetual Pending Tender Offer
HYI shareholders recently approved the fund to switch from a term structured fund to a perpetual fund. However, investors are also given the opportunity to participate in a tender offer at 100% of NAV for 100% of outstanding shares. That effectively gives investors the same opportunity to cash out of the fund at NAV that a liquidation would provide.
Neutral
Business Wire
2 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
3 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2025
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Negative
Seeking Alpha
5 months ago
CEF Weekly Review: Western Asset Follows The Nuveen Term CEF Playbook
We review the CEF market valuation and performance through the third week of February and highlight recent market action. CEFs had a mixed performance as stocks fell and Treasuries rose, driven by disappointing Walmart numbers. The Western Asset High Yield Defined Opportunity Fund is considering converting to a perpetual fund, which could impact its discount after the tender offer.
Neutral
Business Wire
5 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Stockholder Proposal
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
9 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Seeking Alpha
10 months ago
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.
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