Western Asset Premier Bond Fund (NYSE:WEA) Sees Significant Decline in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 15,264 shares, a decrease of 31.3% from the December 15th total of 22,207 shares. Based on an average daily volume of 36,318 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 36,318 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of WEA. Wolverine Asset Management LLC purchased a new stake in Western Asset Premier Bond Fund during the 2nd quarter worth approximately $99,000. Smith Asset Management Co. LLC lifted its stake in shares of Western Asset Premier Bond Fund by 8.9% during the third quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock worth $152,000 after buying an additional 1,108 shares during the period. PFG Investments LLC grew its holdings in shares of Western Asset Premier Bond Fund by 25.1% during the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock valued at $169,000 after buying an additional 3,023 shares during the last quarter. M Holdings Securities Inc. acquired a new position in shares of Western Asset Premier Bond Fund in the 3rd quarter valued at $266,000. Finally, Advisory Services Network LLC increased its position in shares of Western Asset Premier Bond Fund by 12.4% in the 2nd quarter. Advisory Services Network LLC now owns 73,043 shares of the investment management company’s stock valued at $791,000 after acquiring an additional 8,067 shares during the period.

Western Asset Premier Bond Fund Stock Up 0.4%

WEA stock traded up $0.04 on Friday, hitting $11.31. 39,825 shares of the company’s stock were exchanged, compared to its average volume of 29,466. Western Asset Premier Bond Fund has a 12-month low of $10.16 and a 12-month high of $11.44. The firm has a 50 day moving average price of $11.08 and a two-hundred day moving average price of $11.05.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.