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

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 300 shares, a drop of 50.0% from the February 13th total of 600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Short Duration Income ETF Stock Up 0.0 %

WINC stock opened at $24.14 on Friday. The company has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $24.10. Western Asset Short Duration Income ETF has a one year low of $23.65 and a one year high of $24.37.

Western Asset Short Duration Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.096 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Western Asset Short Duration Income ETF’s previous dividend of $0.08.

Hedge Funds Weigh In On Western Asset Short Duration Income ETF

Several institutional investors have recently added to or reduced their stakes in WINC. LPL Financial LLC grew 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 valued at $2,255,000 after buying an additional 1,506 shares during the period. Encompass More Asset Management boosted its position in shares of Western Asset Short Duration Income ETF by 12.6% in the fourth quarter. Encompass More Asset Management now owns 90,654 shares of the company’s stock worth $2,170,000 after acquiring an additional 10,118 shares during the last quarter. Citadel Advisors LLC grew its holdings in Western Asset Short Duration Income ETF by 128.8% in the fourth quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after purchasing an additional 21,905 shares during the period. Finally, Jane Street Group LLC grew its holdings in Western Asset Short Duration Income ETF by 13.3% in the fourth quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock valued at $360,000 after purchasing an additional 1,760 shares during the period.

About Western Asset Short Duration Income ETF

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.