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

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

Institutional Investors Weigh In On Western Asset Bond ETF

A number of hedge funds have recently modified their holdings of WABF. Encompass More Asset Management bought a new position in Western Asset Bond ETF during the third quarter valued at $728,000. Jane Street Group LLC grew its stake in shares of Western Asset Bond ETF by 20.8% during the 4th quarter. Jane Street Group LLC now owns 33,937 shares of the company’s stock worth $844,000 after acquiring an additional 5,837 shares during the period. Landmark Wealth Management LLC purchased a new stake in Western Asset Bond ETF in the 4th quarter worth about $3,059,000. Finally, Franklin Resources Inc. raised its stake in Western Asset Bond ETF by 55.6% in the 3rd quarter. Franklin Resources Inc. now owns 700,000 shares of the company’s stock valued at $18,106,000 after acquiring an additional 250,000 shares during the period.

Western Asset Bond ETF Stock Performance

WABF opened at $25.30 on Friday. Western Asset Bond ETF has a fifty-two week low of $24.56 and a fifty-two week high of $26.64. The firm has a 50-day moving average of $25.15 and a 200 day moving average of $25.43.

Western Asset Bond ETF Increases Dividend

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

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.