Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 60,403 shares, a drop of 55.3% from the April 30th total of 134,986 shares. Based on an average daily trading volume, of 163,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Western Asset Diversified Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of Western Asset Diversified Income Fund during the 3rd quarter worth about $97,000. Geneos Wealth Management Inc. raised its position in shares of Western Asset Diversified Income Fund by 555.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock valued at $100,000 after purchasing an additional 5,711 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at approximately $111,000. Sovran Advisors LLC acquired a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at approximately $150,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Western Asset Diversified Income Fund during the 3rd quarter valued at approximately $151,000.

Western Asset Diversified Income Fund Trading Down 0.6%

Shares of WDI stock traded down $0.08 during mid-day trading on Tuesday, reaching $13.55. The stock had a trading volume of 181,538 shares, compared to its average volume of 210,195. The business has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $13.83. Western Asset Diversified Income Fund has a 12-month low of $12.91 and a 12-month high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.1485 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.