Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 37.9% in July

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,582 shares, a decrease of 37.9% from the July 15th total of 4,159 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,395 shares, the days-to-cover ratio is currently 1.9 days.

Western Asset Bond ETF Price Performance

Shares of WABF stock opened at $24.45 on Wednesday. Western Asset Bond ETF has a 52 week low of $24.41 and a 52 week high of $25.79. The company’s fifty day simple moving average is $24.71 and its 200-day simple moving average is $25.05.

Western Asset Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1201 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after purchasing an additional 524 shares during the last quarter. Wilson & Boucher Capital Management LLC acquired a new stake in shares of Western Asset Bond ETF during the 2nd quarter worth approximately $120,000. Encompass More Asset Management lifted its stake in Western Asset Bond ETF by 2.4% in the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after buying an additional 1,207 shares during the last quarter. Finally, Landmark Wealth Management LLC lifted its position in Western Asset Bond ETF by 6.3% in the 4th 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.

About Western Asset Bond ETF

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.