Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Drops By 50.3%

Western Asset Diversified Income Fund (NYSE:WDI) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 39,656 shares, a drop of 50.3% from the May 31st total of 79,811 shares. Based on an average daily volume of 223,882 shares, the short-interest ratio is presently 0.2 days.

Western Asset Diversified Income Fund Stock Performance

WDI stock traded up $0.03 on Tuesday, hitting $13.59. 35,217 shares of the company were exchanged, compared to its average volume of 206,596. Western Asset Diversified Income Fund has a twelve month low of $12.91 and a twelve month high of $15.28. The business’s fifty day moving average is $13.57 and its two-hundred day moving average is $13.70.

Western Asset Diversified Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.1485 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. &PARTNERS bought a new position in Western Asset Diversified Income Fund during the 4th quarter worth $3,105,000. Readystate Asset Management LP acquired a new position in shares of Western Asset Diversified Income Fund during the fourth quarter valued at $2,907,000. Sit Investment Associates Inc. bought a new position in shares of Western Asset Diversified Income Fund during the fourth quarter worth about $2,647,000. Shaker Financial Services LLC bought a new position in shares of Western Asset Diversified Income Fund during the fourth quarter worth about $1,859,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Western Asset Diversified Income Fund in the 4th quarter worth about $1,226,000.

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.