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

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,600 shares, a growth of 17.9% from the October 15th total of 3,900 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Asset Bond ETF stock. Encompass More Asset Management acquired a new stake in Western Asset Bond ETF (NASDAQ:WABF) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,549 shares of the company’s stock, valued at approximately $728,000. Encompass More Asset Management owned 1.72% of Western Asset Bond ETF at the end of the most recent quarter.

Western Asset Bond ETF Price Performance

WABF opened at $25.36 on Friday. Western Asset Bond ETF has a 1 year low of $24.76 and a 1 year high of $26.64. The stock has a fifty day moving average price of $25.98 and a 200 day moving average price of $25.72.

Western Asset Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1196 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Friday, November 1st.

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.