Western Asset Bond ETF (NASDAQ:WABF – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 274 shares, an increase of 260.5% from the September 30th total of 76 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,463 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of Western Asset Bond ETF
A hedge fund recently raised its position in Western Asset Bond ETF stock. Encompass More Asset Management grew its position in shares of Western Asset Bond ETF (NASDAQ:WABF – Free Report) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,285 shares of the company’s stock after buying an additional 2,286 shares during the period. Encompass More Asset Management owned about 4.26% of Western Asset Bond ETF worth $504,000 as of its most recent SEC filing.
Western Asset Bond ETF Price Performance
Shares of WABF stock opened at $24.01 on Wednesday. The firm has a fifty day moving average of $24.04 and a two-hundred day moving average of $24.83. Western Asset Bond ETF has a 1-year low of $23.43 and a 1-year high of $25.77.
Western Asset Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1329 dividend. This is an increase from Western Asset Bond ETF’s previous monthly dividend of $0.0897. This represents a $1.59 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, October 1st.
About Western Asset Bond ETF
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.
Further Reading
- Five stocks we like better than Western Asset Bond ETF
- Taiwan Semiconductor Flexes Pricing Power on AI’s Frontline
- Hidden in Plain Sight: 2 Earnings Winners Investors May Have Missed
- These 3 New ETFs Are Turning Heads—Are They Worth Buying?
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
Receive News & Ratings for Western Asset Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
