Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 10,089 shares, an increase of 59.5% from the November 30th total of 6,327 shares. Based on an average trading volume of 3,438 shares, the short-interest ratio is currently 2.9 days. Approximately 1.6% of the company’s stock are sold short. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 3,438 shares, the short-interest ratio is currently 2.9 days.

Institutional Investors Weigh In On Western Asset Bond ETF

Several large investors have recently made changes to their positions in WABF. JPMorgan Chase & Co. increased its holdings in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after buying an additional 524 shares during the last quarter. Encompass More Asset Management lifted its stake in Western Asset Bond ETF by 32.1% in the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after acquiring an additional 12,077 shares during the last quarter. Finally, Landmark Wealth Management LLC grew its position in Western Asset Bond ETF by 7.2% in the third quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after acquiring an additional 9,260 shares in the last quarter.

Western Asset Bond ETF Trading Up 0.1%

Shares of NASDAQ:WABF opened at $25.37 on Monday. Western Asset Bond ETF has a 1 year low of $24.31 and a 1 year high of $25.79. The business has a fifty day simple moving average of $25.50 and a 200 day simple moving average of $25.33.

Western Asset Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0826 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.