Short Interest in Western Asset Inflation-Linked Income Fund (NYSE:WIA) Declines By 82.2%

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,686 shares, a drop of 82.2% from the July 30th total of 37,655 shares. Based on an average daily volume of 15,919 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

Several hedge funds have recently added to or reduced their stakes in WIA. PenderFund Capital Management Ltd. purchased a new stake in shares of Western Asset Inflation-Linked Income Fund in the second quarter worth $8,389,000. Bank of America Corp DE purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 2nd quarter worth about $6,664,000. Capstone Investment Advisors LLC bought a new position in Western Asset Inflation-Linked Income Fund in the 2nd quarter worth about $3,887,000. Wakefield Asset Management LLLP boosted its stake in Western Asset Inflation-Linked Income Fund by 176.3% in the 4th quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock worth $2,616,000 after purchasing an additional 201,873 shares in the last quarter. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in Western Asset Inflation-Linked Income Fund during the 2nd quarter valued at about $1,039,000.

Western Asset Inflation-Linked Income Fund Stock Performance

Shares of WIA traded down $0.02 during mid-day trading on Wednesday, reaching $7.95. The company had a trading volume of 30,169 shares, compared to its average volume of 41,728. The firm has a 50-day moving average price of $8.02 and a 200 day moving average price of $8.11. Western Asset Inflation-Linked Income Fund has a 52 week low of $7.90 and a 52 week high of $8.54.

About Western Asset Inflation-Linked Income Fund

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.