Short Interest in Western Asset Inflation-Linked Income Fund (NYSE:WIA) Expands By 205.8%

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 43,611 shares, an increase of 205.8% from the May 31st total of 14,263 shares. Based on an average trading volume of 50,966 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WIA. Wakefield Asset Management LLLP boosted its holdings in Western Asset Inflation-Linked Income Fund by 176.3% during the fourth quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 201,873 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Western Asset Inflation-Linked Income Fund by 8.3% in the 1st quarter. Private Advisor Group LLC now owns 235,785 shares of the financial services provider’s stock valued at $1,905,000 after acquiring an additional 18,012 shares during the period. Bank of America Corp DE raised its position in shares of Western Asset Inflation-Linked Income Fund by 11.2% in the 3rd quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 11,087 shares during the period. Dakota Wealth Management boosted its stake in Western Asset Inflation-Linked Income Fund by 1.3% during the 4th quarter. Dakota Wealth Management now owns 102,793 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 1,350 shares during the last quarter. Finally, PenderFund Capital Management Ltd. boosted its stake in Western Asset Inflation-Linked Income Fund by 8.1% during the 4th quarter. PenderFund Capital Management Ltd. now owns 96,300 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 7,200 shares during the last quarter.

Western Asset Inflation-Linked Income Fund Stock Performance

WIA stock traded up $0.04 during trading on Friday, hitting $8.12. The company had a trading volume of 60,913 shares, compared to its average volume of 44,908. Western Asset Inflation-Linked Income Fund has a 12 month low of $7.95 and a 12 month high of $8.54. The firm has a 50-day moving average price of $8.12 and a 200-day moving average price of $8.18.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, August 24th.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.