Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,106 shares, an increase of 98.6% from the May 31st total of 2,067 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,178 shares, the short-interest ratio is presently 3.5 days.

Western Asset Bond ETF Stock Performance

NASDAQ:WABF remained flat at $24.83 during trading hours on Thursday. 621 shares of the company’s stock were exchanged, compared to its average volume of 1,568. The company’s 50 day simple moving average is $24.98 and its 200 day simple moving average is $25.24. Western Asset Bond ETF has a fifty-two week low of $24.71 and a fifty-two week high of $25.79.

Western Asset Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be issued a $0.1124 dividend. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Landmark Wealth Management LLC grew its stake in shares of Western Asset Bond ETF by 6.3% during the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares during the period. JPMorgan Chase & Co. increased its position in shares of Western Asset Bond ETF by 50.6% during the 2nd 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 last quarter. Finally, Encompass More Asset Management lifted its stake in shares of Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,207 shares during the period.

About Western Asset Bond ETF

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.