Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Down 65.6% in July

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 41,929 shares, a decrease of 65.6% from the July 15th total of 122,013 shares. Based on an average daily volume of 199,136 shares, the short-interest ratio is presently 0.2 days.

Western Asset Diversified Income Fund Price Performance

Shares of Western Asset Diversified Income Fund stock traded down $0.04 during trading hours on Friday, hitting $13.21. The company’s stock had a trading volume of 87,427 shares, compared to its average volume of 205,009. Western Asset Diversified Income Fund has a 12-month low of $12.91 and a 12-month high of $15.28. The business has a 50 day moving average price of $13.38 and a two-hundred day moving average price of $13.59.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.1485 dividend. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Friday, November 20th.

Insider Activity at Western Asset Diversified Income Fund

In related news, Director Nisha Kumar sold 13,886 shares of Western Asset Diversified Income Fund stock in a transaction on Monday, August 10th. The shares were sold at an average price of $13.14, for a total transaction of $182,462.04. Following the transaction, the director owned 6,750 shares in the company, valued at approximately $88,695. The trade was a 67.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDI. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Western Asset Diversified Income Fund by 0.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 475,973 shares of the company’s stock worth $6,454,000 after acquiring an additional 2,011 shares in the last quarter. Bank of America Corp DE raised its stake in Western Asset Diversified Income Fund by 2.9% during the second quarter. Bank of America Corp DE now owns 438,469 shares of the company’s stock valued at $6,507,000 after purchasing an additional 12,246 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in Western Asset Diversified Income Fund by 2.0% during the third quarter. Polar Asset Management Partners Inc. now owns 262,130 shares of the company’s stock valued at $3,856,000 after purchasing an additional 5,124 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Western Asset Diversified Income Fund by 9.0% in the 1st quarter. Royal Bank of Canada now owns 243,125 shares of the company’s stock worth $3,268,000 after buying an additional 20,145 shares in the last quarter. Finally, &PARTNERS purchased a new position in shares of Western Asset Diversified Income Fund in the 4th quarter worth $3,105,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.