Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Significant Decline in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINCGet Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 100 shares, a drop of 87.5% from the March 15th total of 800 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is currently 0.0 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of Western Asset Short Duration Income ETF by 6.3% in the 4th quarter. LPL Financial LLC now owns 256,978 shares of the company’s stock worth $6,653,000 after acquiring an additional 15,277 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Western Asset Short Duration Income ETF in the 4th quarter worth about $806,000. Darrow Company Inc. purchased a new position in shares of Western Asset Short Duration Income ETF in the 4th quarter worth about $228,000. National Asset Management Inc. purchased a new position in shares of Western Asset Short Duration Income ETF in the 4th quarter worth about $504,000. Finally, Allworth Financial LP purchased a new position in shares of Western Asset Short Duration Income ETF in the 4th quarter worth about $210,000.

Several analysts have recently commented on the stock. UBS Group assumed coverage on shares of Western Asset Short Duration Income ETF in a research report on Thursday, January 6th. They set a “buy” rating for the company. DA Davidson reaffirmed a “buy” rating on shares of Western Asset Short Duration Income ETF in a research report on Friday, December 17th.

WINC stock traded down $0.02 during midday trading on Tuesday, reaching $24.38. 1,178 shares of the company’s stock traded hands, compared to its average volume of 14,381. Western Asset Short Duration Income ETF has a 52 week low of $24.38 and a 52 week high of $26.51. The firm’s fifty day moving average price is $24.90 and its 200-day moving average price is $25.56.

The company also recently announced a monthly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Monday, April 4th were paid a $0.027 dividend. This is a positive change from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.03. The ex-dividend date was Friday, April 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.33%.

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