Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

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

Hedge Funds Weigh In On Western Asset Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Encompass More Asset Management acquired a new position in shares of Western Asset Bond ETF during the third quarter valued at about $728,000. Jane Street Group LLC grew its stake 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 buying an additional 5,837 shares during the period. Landmark Wealth Management LLC bought a new stake in Western Asset Bond ETF in the 4th quarter valued at about $3,059,000. Finally, Franklin Resources Inc. raised its stake in Western Asset Bond ETF by 55.6% during the 3rd quarter. Franklin Resources Inc. now owns 700,000 shares of the company’s stock worth $18,106,000 after buying an additional 250,000 shares during the period.

Western Asset Bond ETF Price Performance

WABF stock opened at $25.13 on Friday. The stock has a 50-day moving average price of $25.14 and a 200-day moving average price of $25.44. Western Asset Bond ETF has a 1-year low of $24.56 and a 1-year high of $26.64.

Western Asset Bond ETF Increases Dividend

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

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.