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

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 28,300 shares, an increase of 272.4% from the November 30th total of 7,600 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Trading of Western Asset Bond ETF

A hedge fund recently raised its stake in Western Asset Bond ETF stock. Franklin Resources Inc. raised its holdings in Western Asset Bond ETF (NASDAQ:WABF) by 55.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 700,000 shares of the company’s stock after acquiring an additional 250,000 shares during the quarter. Franklin Resources Inc. owned 43.75% of Western Asset Bond ETF worth $18,106,000 as of its most recent filing with the SEC.

Western Asset Bond ETF Price Performance

NASDAQ WABF opened at $24.84 on Friday. Western Asset Bond ETF has a 52-week low of $24.78 and a 52-week high of $26.64. The firm has a 50-day moving average price of $25.44 and a 200 day moving average price of $25.76.

Western Asset Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, December 13th were issued a $0.3373 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.