Western Asset Bond ETF (NASDAQ:WABF) Short Interest Up 98.6% in June

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 4,106 shares, an increase of 98.6% from the May 31st total of 2,067 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,178 shares, the days-to-cover ratio is presently 3.5 days.

Western Asset Bond ETF Stock Performance

NASDAQ:WABF traded up $0.04 during trading hours on Wednesday, hitting $25.03. The company’s stock had a trading volume of 184 shares, compared to its average volume of 1,576. Western Asset Bond ETF has a twelve month low of $24.71 and a twelve month high of $25.79. The stock has a fifty day simple moving average of $24.99 and a 200-day simple moving average of $25.24.

Western Asset Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Monday, June 1st. This is an increase from Western Asset Bond ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On Western Asset Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after buying an additional 524 shares in the last quarter. Encompass More Asset Management increased its holdings in Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Landmark Wealth Management LLC raised its position in Western Asset Bond ETF by 6.3% in the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares during the last quarter.

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.