Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,089 shares, an increase of 59.5% from the November 30th total of 6,327 shares. Based on an average trading volume of 3,438 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 3,438 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Investors Weigh In On Western Asset Bond ETF

A number of large investors have recently added to or reduced their stakes in WABF. JPMorgan Chase & Co. lifted its position in Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after buying an additional 524 shares during the period. Encompass More Asset Management increased its stake in shares of Western Asset Bond ETF by 32.1% in the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock worth $1,269,000 after acquiring an additional 12,077 shares in the last quarter. Finally, Landmark Wealth Management LLC increased its stake in shares of Western Asset Bond ETF by 7.2% in the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after acquiring an additional 9,260 shares in the last quarter.

Western Asset Bond ETF Trading Up 0.1%

Shares of WABF stock opened at $25.38 on Tuesday. Western Asset Bond ETF has a fifty-two week low of $24.31 and a fifty-two week high of $25.79. The stock has a 50 day moving average price of $25.49 and a two-hundred day moving average price of $25.33.

Western Asset Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a dividend of $0.0826 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, December 1st.

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.