Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Up 31.7% in February

Western Asset Diversified Income Fund (NYSE:WDI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 79,180 shares, an increase of 31.7% from the January 29th total of 60,138 shares. Based on an average daily trading volume, of 230,048 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 230,048 shares, the days-to-cover ratio is currently 0.3 days.

Western Asset Diversified Income Fund Price Performance

Shares of WDI stock traded up $0.08 on Monday, hitting $14.06. The stock had a trading volume of 238,064 shares, compared to its average volume of 244,114. The company’s 50 day moving average price is $13.93 and its 200-day moving average price is $14.39. Western Asset Diversified Income Fund has a 1 year low of $12.44 and a 1 year high of $15.28.

Western Asset Diversified Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.1485 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Institutional Trading of Western Asset Diversified Income Fund

Several large investors have recently added to or reduced their stakes in WDI. NewEdge Advisors LLC bought a new stake in shares of Western Asset Diversified Income Fund in the third quarter valued at approximately $358,000. Susquehanna International Group LLP bought a new position in Western Asset Diversified Income Fund in the 3rd quarter valued at about $151,000. Integrated Wealth Concepts LLC boosted its holdings in Western Asset Diversified Income Fund by 9.5% during the third quarter. Integrated Wealth Concepts LLC now owns 43,422 shares of the company’s stock worth $639,000 after purchasing an additional 3,757 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in Western Asset Diversified Income Fund by 2.0% during the third quarter. Polar Asset Management Partners Inc. now owns 262,130 shares of the company’s stock worth $3,856,000 after buying an additional 5,124 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Western Asset Diversified Income Fund by 35.2% in the 3rd quarter. Raymond James Financial Inc. now owns 95,604 shares of the company’s stock worth $1,406,000 after buying an additional 24,895 shares during the period.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.