Western Asset Premier Bond Fund (NYSE:WEA) Sees Large Increase in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,348 shares, a growth of 243.0% from the December 31st total of 15,264 shares. Based on an average daily trading volume, of 28,483 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 28,483 shares, the short-interest ratio is currently 1.8 days.

Western Asset Premier Bond Fund Price Performance

NYSE WEA traded down $0.01 during trading on Thursday, reaching $11.03. The company’s stock had a trading volume of 22,862 shares, compared to its average volume of 29,777. Western Asset Premier Bond Fund has a 1-year low of $10.16 and a 1-year high of $11.44. The business has a 50-day moving average price of $11.09 and a 200-day moving average price of $11.06.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Premier Bond Fund during the 2nd quarter valued at about $99,000. Smith Asset Management Co. LLC boosted its position in Western Asset Premier Bond Fund by 8.9% during the third quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,108 shares during the period. PFG Investments LLC boosted its position in 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 purchasing an additional 3,023 shares during the period. M Holdings Securities Inc. acquired a new position in Western Asset Premier Bond Fund during the third quarter valued at approximately $266,000. Finally, Advisory Services Network LLC raised its position in shares of Western Asset Premier Bond Fund by 12.4% in the second quarter. Advisory Services Network LLC now owns 73,043 shares of the investment management company’s stock valued at $791,000 after purchasing an additional 8,067 shares during the period.

About Western Asset Premier Bond Fund

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.