Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Rises By 96.3%

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 122,013 shares, a growth of 96.3% from the June 30th total of 62,157 shares. Based on an average daily trading volume, of 160,834 shares, the short-interest ratio is currently 0.8 days.

Western Asset Diversified Income Fund Stock Performance

Shares of WDI stock traded up $0.01 on Friday, hitting $13.07. The company had a trading volume of 198,695 shares, compared to its average volume of 203,381. The company has a 50-day moving average price of $13.47 and a 200-day moving average price of $13.64. Western Asset Diversified Income Fund has a twelve month low of $12.91 and a twelve month high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.1485 dividend. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Several institutional investors have recently made changes to their positions in WDI. SeaCrest Wealth Management LLC boosted its stake in shares of Western Asset Diversified Income Fund by 7.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,593 shares of the company’s stock worth $248,000 after acquiring an additional 1,170 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Western Asset Diversified Income Fund by 8.8% in the first quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock valued at $250,000 after acquiring an additional 1,393 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Western Asset Diversified Income Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,024 shares of the company’s stock valued at $368,000 after purchasing an additional 1,558 shares in the last quarter. NewEdge Advisors LLC grew its stake in Western Asset Diversified Income Fund by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 37,160 shares of the company’s stock valued at $499,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Western Asset Diversified Income Fund by 12.5% in the fourth quarter. Osaic Holdings Inc. now owns 18,016 shares of the company’s stock valued at $249,000 after purchasing an additional 2,000 shares during the last quarter.

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.