Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Drops By 14.9%

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,882 shares, a decrease of 14.9% from the March 31st total of 2,212 shares. Based on an average daily volume of 614 shares, the short-interest ratio is presently 3.1 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Western Asset Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Western Asset Bond ETF by 50.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after acquiring an additional 524 shares during the last quarter. Encompass More Asset Management raised its stake in Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Landmark Wealth Management LLC raised its stake in Western Asset Bond ETF by 6.3% in the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after acquiring an additional 8,612 shares during the last quarter.

Western Asset Bond ETF Stock Performance

Shares of WABF stock opened at $25.16 on Friday. The business has a fifty day moving average of $25.31 and a 200 day moving average of $25.42. Western Asset Bond ETF has a 1 year low of $24.52 and a 1 year high of $25.79.

Western Asset Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a $0.0942 dividend. This is a positive change from Western Asset Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.