HIX: Better Valuation After Rights Offering, But Questionable Track Record [Seeking Alpha]
Western Asset High Yield Defined Opportunity Fund Inc. (HYI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-high-yield-defined-opportunity-fund-inc.html
Company Research
Source: Seeking Alpha
HIX's sister funds, Western Asset High Yield Defined Opportunity Fund and Western Asset Diversified Income Fund, have performed much better due to this move. HIX currently has a deep discount, but investors may want to wait until the expiration of the rights offering before investing. The long-term track record of this fund should also be noted; it isn't a pretty picture, so one would have to believe that they can turn it around or view this as a tactical shorter-term play. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chem ist. The last time we touched on the Western Asset High Income Fund II ( NYSE: HIX ), I noted that the fund looked to be unappealing due to valuation. I highlighted a couple of potential opportunities that seemed a bit more attractive. That included funds from the same investment sponsor family, Western Asset High Yield Define
Show less
Read more
Impact Snapshot
Event Time:
HYI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HYI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HYI alerts
High impacting Western Asset High Yield Defined Opportunity Fund Inc. news events
Weekly update
A roundup of the hottest topics
HYI
News
- Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024 [Yahoo! Finance]Yahoo! Finance
- Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024Business Wire
- HYI: This High-Yielding Junk Bond Fund Could Be A Decent Holding [Seeking Alpha]Seeking Alpha
- Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team UpdateBusiness Wire
HYI
Sec Filings
- 4/25/24 - Form NPORT-P
- 2/13/24 - Form SC
- 2/9/24 - Form 3
- HYI's page on the SEC website