Western Asset Inflation-Linked Income Fund (NYSE:WIA) Sees Large Drop in Short Interest

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 37,655 shares, a decline of 58.4% from the July 15th total of 90,580 shares. Based on an average daily volume of 44,100 shares, the short-interest ratio is currently 0.9 days.

Western Asset Inflation-Linked Income Fund Stock Performance

Shares of NYSE WIA traded up $0.01 during trading hours on Friday, reaching $8.00. The stock had a trading volume of 18,238 shares, compared to its average volume of 42,270. Western Asset Inflation-Linked Income Fund has a twelve month low of $7.90 and a twelve month high of $8.54. The business’s fifty day moving average is $8.04 and its two-hundred day moving average is $8.13.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.052 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in WIA. Bank of America Corp DE boosted its position in shares of Western Asset Inflation-Linked Income Fund by 11.2% during the 3rd quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 11,087 shares in the last quarter. PenderFund Capital Management Ltd. raised its position in Western Asset Inflation-Linked Income Fund by 17.3% in the third quarter. PenderFund Capital Management Ltd. now owns 89,100 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 13,168 shares in the last quarter. Private Advisor Group LLC acquired a new position in Western Asset Inflation-Linked Income Fund in the third quarter worth about $476,000. Osaic Holdings Inc. lifted its stake in Western Asset Inflation-Linked Income Fund by 32.1% during the fourth quarter. Osaic Holdings Inc. now owns 44,467 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 10,813 shares during the period. Finally, LPL Financial LLC lifted its stake in Western Asset Inflation-Linked Income Fund by 4.9% during the fourth quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 1,631 shares during the period.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.