Western Asset Bond ETF (NASDAQ:WABF) Stock Short Interest Jumps 123.5%

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 76 shares, a growth of 123.5% from the September 15th total of 34 shares. Based on an average trading volume of 9,751 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Western Asset Bond ETF Trading Down 0.0%

WABF stock opened at $23.64 on Tuesday. Western Asset Bond ETF has a 1-year low of $23.43 and a 1-year high of $25.79. The firm has a fifty day moving average price of $24.19 and a two-hundred day moving average price of $24.67.

Western Asset Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.1329 dividend. This represents a $1.59 annualized dividend and a yield of 6.7%. This is a boost from Western Asset Bond ETF’s previous monthly dividend of $0.0897. The ex-dividend date was Thursday, October 1st.

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.