Western Asset High Yield Defined Opportunity Fund Inc. Short Interest Update
| HYI Etf | USD 11.94 0.05 0.42% |
Under 54% of Western Asset's investor base is interested to short. The current sentiment regarding investing in Western Asset High etf implies that many traders are impartial. Western Asset's investing sentiment shows overall attitude of investors towards Western Asset High.
Western |
Western Asset High Yield Defined Opportunity Fund Inc. was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 9,600 shares, a growth of 12.9 percent from the January 31st total of 8,500 shares. Based on an average trading
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Western Asset Fundamental Analysis
We analyze Western Asset's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Asset using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Asset based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Short Ratio
Short Ratio Comparative Analysis
Western Asset is currently under evaluation in short ratio as compared to similar ETFs. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Western Asset High Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Western Asset etf to make a market-neutral strategy. Peer analysis of Western Asset could also be used in its relative valuation, which is a method of valuing Western Asset by comparing valuation metrics with similar companies.
Peers
Western Asset Related Equities
| GF | New Germany | 1.03 | ||||
| IGD | Voya Global | 0.92 | ||||
| DSU | Blackrock Debt | 0.84 | ||||
| NNY | Nuveen New | 0.62 | ||||
| BWG | Brandywineglobal | 0.62 | ||||
| IGA | Voya Global | 0.54 | ||||
| WDI | Western Asset | 0.49 | ||||
| MAV | Pioneer Municipal | 0.35 | ||||
| HIX | Western Asset | 0.23 | ||||
| EICA | Eagle Point | 0.08 | ||||
| HIO | Western Asset | 0.25 | ||||
| EHI | Western Asset | 0.30 | ||||
| SCD | Lmp Capital | 0.41 | ||||
| DMO | Western Asset | 1.11 |
Other Information on Investing in Western Etf
Western Asset financial ratios help investors to determine whether Western Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Asset security.