Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Drops By 70.2%

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 8,700 shares, a decrease of 70.2% from the February 28th total of 29,200 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 2.1 days.

Western Asset Bond ETF Stock Down 0.4 %

WABF opened at $25.11 on Thursday. Western Asset Bond ETF has a 12-month low of $24.56 and a 12-month high of $26.64. The business has a 50 day moving average of $25.14 and a 200-day moving average of $25.44.

Western Asset Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1889 per share. This is an increase from Western Asset Bond ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On Western Asset Bond ETF

Several hedge funds have recently bought and sold shares of WABF. Encompass More Asset Management increased its stake in Western Asset Bond ETF by 18.3% during the 4th quarter. Encompass More Asset Management now owns 32,583 shares of the company’s stock worth $810,000 after acquiring an additional 5,034 shares during the period. Jane Street Group LLC boosted its holdings in shares of Western Asset Bond ETF by 20.8% in the 4th quarter. Jane Street Group LLC now owns 33,937 shares of the company’s stock valued at $844,000 after purchasing an additional 5,837 shares in the last quarter. Landmark Wealth Management LLC bought a new position in shares of Western Asset Bond ETF in the 4th quarter valued at $3,059,000. Finally, Franklin Resources Inc. boosted its stake in Western Asset Bond ETF by 55.6% in the third quarter. Franklin Resources Inc. now owns 700,000 shares of the company’s stock valued at $18,106,000 after buying an additional 250,000 shares in the last quarter.

Western Asset Bond ETF Company Profile

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.