Director Grillo buys 1,000 shares of HYI at $11.71; cross-ticker track record shows 0% 90-day win rate on 17 prior buys
Director Anthony Grillo purchased 1,000 shares of Western Asset High Yield Defined Opportunity Fund Inc. (HYI) at $11.71, establishing an initial position. This marks a modest initial accumulation in a closed-end fund trading 5.5% below its 52-week high. However, Grillo's cross-ticker track record presents a concerning pattern: his 17 prior open-market buys generated an average 90-day return of -18.4% with a 0.00% win rate, suggesting a history of entering positions before subsequent declines. The current purchase occurs at a price 1.4% higher than 30 days ago but 2.8% lower over 90 days, and the fund itself is trading within its 52-week range.