Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 87.1% in August

Western Asset Bond ETF (NASDAQ:WABFGet Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 27 shares, a decrease of 87.1% from the August 15th total of 209 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,431 shares, the days-to-cover ratio is presently 0.0 days.

Western Asset Bond ETF Price Performance

Shares of NASDAQ WABF opened at $24.11 on Friday. Western Asset Bond ETF has a 1 year low of $24.11 and a 1 year high of $25.79. The firm has a 50-day moving average of $24.53 and a 200 day moving average of $24.92.

Western Asset Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.0897 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On Western Asset Bond ETF

A hedge fund recently raised its stake in Western Asset Bond ETF stock. JPMorgan Chase & Co. lifted its stake in Western Asset Bond ETF (NASDAQ:WABFFree Report) by 50.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,560 shares of the company’s stock after purchasing an additional 524 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Western Asset Bond ETF worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

About Western Asset Bond ETF

(Get Free Report)

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.

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