Western Asset Total Return ETF (NASDAQ:WBND) Sees Significant Drop in Short Interest

Western Asset Total Return ETF (NASDAQ:WBND) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 100 shares, a drop of 83.3% from the September 15th total of 600 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Western Asset Total Return ETF

Several hedge funds have recently bought and sold shares of WBND. Bank of New York Mellon Corp boosted its position in shares of Western Asset Total Return ETF by 22.4% during the second quarter. Bank of New York Mellon Corp now owns 174,383 shares of the company’s stock worth $3,477,000 after buying an additional 31,898 shares during the period. Atria Investments Inc grew its holdings in Western Asset Total Return ETF by 0.5% during the first quarter. Atria Investments Inc now owns 232,120 shares of the company’s stock worth $4,682,000 after purchasing an additional 1,133 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Western Asset Total Return ETF during the 2nd quarter worth approximately $10,478,000.

Western Asset Total Return ETF Stock Performance

Shares of Western Asset Total Return ETF stock traded down $0.01 during trading on Friday, reaching $20.24. The company’s stock had a trading volume of 105 shares, compared to its average volume of 15,489. Western Asset Total Return ETF has a one year low of $18.71 and a one year high of $20.98. The stock has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $20.18.

Western Asset Total Return ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 4th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This is an increase from Western Asset Total Return ETF’s previous monthly dividend of $0.09. This represents a $1.62 dividend on an annualized basis and a yield of 8.00%.

Western Asset Total Return ETF Company Profile

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.