Western Asset Diversified Income Fund (NYSE:WDI) Sees Large Decline in Short Interest

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 15,551 shares, a drop of 73.5% from the December 15th total of 58,752 shares. Based on an average daily trading volume, of 382,549 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 382,549 shares, the short-interest ratio is presently 0.0 days.

Western Asset Diversified Income Fund Stock Performance

Shares of WDI stock traded down $0.02 during trading hours on Wednesday, reaching $13.83. 231,816 shares of the company’s stock were exchanged, compared to its average volume of 246,757. Western Asset Diversified Income Fund has a fifty-two week low of $12.44 and a fifty-two week high of $15.28. The stock’s 50 day moving average is $14.10 and its 200-day moving average is $14.62.

Western Asset Diversified Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.1485 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Trading of Western Asset Diversified Income Fund

Several large investors have recently bought and sold shares of WDI. JPMorgan Chase & Co. lifted its position in Western Asset Diversified Income Fund by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 175,709 shares of the company’s stock valued at $2,585,000 after purchasing an additional 31,950 shares during the period. Polar Asset Management Partners Inc. boosted its position in Western Asset Diversified Income Fund by 2.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 262,130 shares of the company’s stock worth $3,856,000 after purchasing an additional 5,124 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Western Asset Diversified Income Fund in the 3rd quarter worth approximately $97,000. NewEdge Advisors LLC acquired a new stake in shares of Western Asset Diversified Income Fund during the 3rd quarter worth approximately $358,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Western Asset Diversified Income Fund during the 3rd quarter valued at approximately $151,000.

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.