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

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 274 shares, a growth of 260.5% from the September 30th total of 76 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,463 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Western Asset Bond ETF stock. Encompass More Asset Management increased its stake in Western Asset Bond ETF (NASDAQ:WABF) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,285 shares of the company’s stock after purchasing an additional 2,286 shares during the quarter. Encompass More Asset Management owned approximately 4.26% of Western Asset Bond ETF worth $504,000 at the end of the most recent reporting period.

Western Asset Bond ETF Stock Up 0.1%

Shares of WABF opened at $24.01 on Wednesday. Western Asset Bond ETF has a 12-month low of $23.43 and a 12-month high of $25.77. The firm’s 50 day moving average is $24.04 and its 200-day moving average is $24.83.

Western Asset Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.1329 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from Western Asset Bond ETF’s previous monthly dividend of $0.0897. The ex-dividend date of this dividend was Thursday, October 1st.

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. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.