Western Asset Inflation-Linked Income Fund (NYSE:WIA) Short Interest Update

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 12,944 shares, a growth of 198.4% from the April 30th total of 4,338 shares. Based on an average daily volume of 41,864 shares, the days-to-cover ratio is currently 0.3 days.

Western Asset Inflation-Linked Income Fund Trading Up 0.1%

WIA traded up $0.01 on Friday, reaching $8.14. The company had a trading volume of 36,150 shares, compared to its average volume of 45,325. The business has a 50 day simple moving average of $8.12 and a 200 day simple moving average of $8.22. Western Asset Inflation-Linked Income Fund has a 52-week low of $7.95 and a 52-week high of $8.54.

Western Asset Inflation-Linked Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wakefield Asset Management LLLP grew its position in Western Asset Inflation-Linked Income Fund by 176.3% during the fourth quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 201,873 shares during the last quarter. Fiera Capital Corp grew its position in Western Asset Inflation-Linked Income Fund by 0.9% during the third quarter. Fiera Capital Corp now owns 238,114 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 2,175 shares during the last quarter. Private Advisor Group LLC grew its position in Western Asset Inflation-Linked Income Fund by 8.3% during the first quarter. Private Advisor Group LLC now owns 235,785 shares of the financial services provider’s stock valued at $1,905,000 after acquiring an additional 18,012 shares during the last quarter. Bank of America Corp DE grew its position in Western Asset Inflation-Linked Income Fund by 11.2% during the third quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 11,087 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Western Asset Inflation-Linked Income Fund by 1.3% during the fourth quarter. Dakota Wealth Management now owns 102,793 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 1,350 shares during the last quarter.

Western Asset Inflation-Linked Income Fund Company Profile

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.