Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Rises By 62.5%

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,600 shares, an increase of 62.5% from the September 30th total of 1,600 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 2.4 days. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 2.4 days. Currently, 0.4% of the shares of the company are sold short.

Western Asset Bond ETF Stock Down 0.1%

Western Asset Bond ETF stock opened at $25.58 on Monday. Western Asset Bond ETF has a 52 week low of $24.31 and a 52 week high of $25.88. The business’s 50-day moving average price is $25.52 and its 200 day moving average price is $25.15.

Western Asset Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.0832 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Trading of Western Asset Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Encompass More Asset Management grew its holdings in Western Asset Bond ETF by 32.1% in the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after purchasing an additional 12,077 shares during the period. Landmark Wealth Management LLC grew its holdings in Western Asset Bond ETF by 7.2% in the third quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock valued at $3,506,000 after purchasing an additional 9,260 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares during the period.

Western Asset Bond ETF Company Profile

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities.