Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Update

Western Asset Premier Bond Fund (NYSE:WEA) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 22,207 shares, an increase of 35.2% from the November 30th total of 16,427 shares. Based on an average trading volume of 24,103 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 24,103 shares, the days-to-cover ratio is presently 0.9 days.

Western Asset Premier Bond Fund Stock Performance

Shares of Western Asset Premier Bond Fund stock traded up $0.02 during trading hours on Tuesday, hitting $11.02. The company’s stock had a trading volume of 20,233 shares, compared to its average volume of 28,706. Western Asset Premier Bond Fund has a twelve month low of $10.16 and a twelve month high of $11.44. The firm has a fifty day moving average of $11.07 and a 200-day moving average of $11.01.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smith Asset Management Co. LLC lifted its holdings in shares of Western Asset Premier Bond Fund by 8.9% in the 3rd quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock worth $152,000 after acquiring an additional 1,108 shares during the last quarter. Whipplewood Advisors LLC raised its position in Western Asset Premier Bond Fund by 0.6% in the third quarter. Whipplewood Advisors LLC now owns 273,510 shares of the investment management company’s stock valued at $3,072,000 after purchasing an additional 1,665 shares during the period. StoneX Group Inc. lifted its stake in Western Asset Premier Bond Fund by 2.2% during the second quarter. StoneX Group Inc. now owns 82,862 shares of the investment management company’s stock worth $903,000 after purchasing an additional 1,748 shares in the last quarter. PFG Investments LLC boosted its position in shares of Western Asset Premier Bond Fund by 25.1% during the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock worth $169,000 after buying an additional 3,023 shares during the period. Finally, 1607 Capital Partners LLC boosted its position in shares of Western Asset Premier Bond Fund by 1.2% during the first quarter. 1607 Capital Partners LLC now owns 337,147 shares of the investment management company’s stock worth $3,779,000 after buying an additional 3,900 shares during the period.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.