Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Significant Decrease in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a decrease of 50.0% from the February 13th total of 600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 0.1 days.

Western Asset Short Duration Income ETF Stock Performance

Shares of WINC stock opened at $24.13 on Friday. Western Asset Short Duration Income ETF has a 1 year low of $23.65 and a 1 year high of $24.37. The business’s fifty day moving average is $24.08 and its 200-day moving average is $24.10.

Western Asset Short Duration Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.096 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Western Asset Short Duration Income ETF’s previous dividend of $0.08.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of Western Asset Short Duration Income ETF by 13.3% in the 4th quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock worth $360,000 after acquiring an additional 1,760 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Western Asset Short Duration Income ETF by 128.8% in the 4th quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after purchasing an additional 21,905 shares during the period. Encompass More Asset Management acquired a new position in shares of Western Asset Short Duration Income ETF in the 3rd quarter valued at $1,961,000. Finally, LPL Financial LLC increased its stake in Western Asset Short Duration Income ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock worth $2,255,000 after purchasing an additional 1,506 shares in the last quarter.

About Western Asset Short Duration Income ETF

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.