Western Asset Total Return ETF (NASDAQ:WBND) Short Interest Update

Western Asset Total Return ETF (NASDAQ:WBND) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,500 shares, a growth of 212.5% from the July 31st total of 800 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.4 days.

Western Asset Total Return ETF Price Performance

NASDAQ WBND opened at $20.66 on Wednesday. The company’s 50-day simple moving average is $20.28 and its two-hundred day simple moving average is $20.04. Western Asset Total Return ETF has a one year low of $18.71 and a one year high of $20.78.

Western Asset Total Return ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a $0.0975 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.66%. This is an increase from Western Asset Total Return ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments Inc grew its position in shares of Western Asset Total Return ETF by 0.5% in the 1st quarter. Atria Investments Inc now owns 232,120 shares of the company’s stock worth $4,682,000 after buying an additional 1,133 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Western Asset Total Return ETF by 9.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 18,978 shares of the company’s stock worth $392,000 after buying an additional 1,639 shares during the last quarter. Landmark Wealth Management LLC grew its position in shares of Western Asset Total Return ETF by 5.0% in the 1st quarter. Landmark Wealth Management LLC now owns 171,036 shares of the company’s stock worth $3,450,000 after buying an additional 8,182 shares during the last quarter. Financial Advocates Investment Management grew its position in shares of Western Asset Total Return ETF by 53.8% in the 4th quarter. Financial Advocates Investment Management now owns 35,873 shares of the company’s stock worth $742,000 after buying an additional 12,555 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC grew its position in shares of Western Asset Total Return ETF by 80.0% in the 4th quarter. Cary Street Partners Asset Management LLC now owns 62,948 shares of the company’s stock worth $1,302,000 after buying an additional 27,984 shares during the last quarter.

About Western Asset Total Return ETF

The Western Asset Total Return ETF (WBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of fixed income securities from any geography with any credit rating. WBND was launched on Oct 3, 2018 and is managed by Franklin Templeton.