Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Increase in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 12,647 shares, a growth of 34.5% from the December 31st total of 9,404 shares. Based on an average trading volume of 3,006 shares, the short-interest ratio is presently 4.2 days. Currently, 1.9% of the company’s stock are sold short. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 3,006 shares, the short-interest ratio is presently 4.2 days.

Western Asset Bond ETF Stock Performance

NASDAQ WABF traded up $0.01 during mid-day trading on Friday, hitting $25.45. The company’s stock had a trading volume of 1,566 shares, compared to its average volume of 3,823. The company’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $25.40. Western Asset Bond ETF has a twelve month low of $24.31 and a twelve month high of $25.79.

Western Asset Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were given a $0.0826 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 3.9%.

Institutional Trading of Western Asset Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of 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 in the last quarter. Encompass More Asset Management raised its position in Western Asset Bond ETF by 32.1% in the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after buying an additional 12,077 shares during the last quarter. Finally, Landmark Wealth Management LLC lifted its stake in Western Asset Bond ETF by 7.2% during the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock valued at $3,506,000 after acquiring an additional 9,260 shares in the last quarter.

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. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.