Western Asset Inflation-Linked Income Fund (NYSE:WIA) Sees Large Decline in Short Interest

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 37,655 shares, a decline of 58.4% from the July 15th total of 90,580 shares. Based on an average daily volume of 44,100 shares, the days-to-cover ratio is presently 0.9 days.

Western Asset Inflation-Linked Income Fund Stock Performance

WIA traded up $0.01 during trading on Friday, reaching $8.00. 18,238 shares of the company were exchanged, compared to its average volume of 42,270. Western Asset Inflation-Linked Income Fund has a 12-month low of $7.90 and a 12-month high of $8.54. The company’s 50-day moving average is $8.04 and its two-hundred day moving average is $8.13.

Western Asset Inflation-Linked Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.052 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

Large investors have recently modified their holdings of the company. LPL Financial LLC lifted its stake in Western Asset Inflation-Linked Income Fund by 4.9% in the 4th quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 1,631 shares in the last quarter. Aviance Capital Partners LLC grew its position in shares of Western Asset Inflation-Linked Income Fund by 3.1% during the 4th quarter. Aviance Capital Partners LLC now owns 68,300 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 2,084 shares in the last quarter. Rock Point Advisors LLC grew its position in shares of Western Asset Inflation-Linked Income Fund by 6.5% during the 4th quarter. Rock Point Advisors LLC now owns 58,968 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 3,583 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of Western Asset Inflation-Linked Income Fund by 36.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 22,350 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 6,000 shares during the period. Finally, Hara Capital LLC bought a new position in shares of Western Asset Inflation-Linked Income Fund in the second quarter worth $57,000.

Western Asset Inflation-Linked Income Fund Company Profile

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.