Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Large Growth in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 600 shares, a growth of 100.0% from the February 28th total of 300 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Encompass More Asset Management bought a new position in shares of Western Asset Short Duration Income ETF in the third quarter valued at approximately $1,961,000. Citadel Advisors LLC grew its stake in 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 buying an additional 21,905 shares during the last quarter. Jane Street Group LLC raised its holdings in 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 period. Finally, LPL Financial LLC raised its holdings 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 acquiring an additional 1,506 shares during the period.

Western Asset Short Duration Income ETF Price Performance

Western Asset Short Duration Income ETF stock opened at $24.19 on Friday. Western Asset Short Duration Income ETF has a one year low of $23.65 and a one year high of $24.37. The company’s fifty day moving average price is $24.12 and its two-hundred day moving average price is $24.10.

Western Asset Short Duration Income ETF Increases Dividend

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

Western Asset Short Duration Income ETF Company Profile

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.