Short Interest in Western Asset Short Duration Income ETF (NASDAQ:WINC) Expands By 200.0%

Western Asset Short Duration Income ETF (NASDAQ:WINC – Get Rating) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 300 shares, a growth of 200.0% from the March 31st total of 100 shares. Based on an average daily volume of 18,300 shares, the short-interest ratio is currently 0.0 days.

Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. purchased a new position in Western Asset Short Duration Income ETF during the third quarter worth $121,000. Allworth Financial LP purchased a new position in Western Asset Short Duration Income ETF during the fourth quarter worth $210,000. Darrow Company Inc. purchased a new stake in shares of Western Asset Short Duration Income ETF in the fourth quarter valued at $228,000. National Asset Management Inc. purchased a new stake in shares of Western Asset Short Duration Income ETF in the fourth quarter valued at $504,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Western Asset Short Duration Income ETF in the fourth quarter valued at $806,000.

Western Asset Short Duration Income ETF stock opened at $24.25 on Thursday. The stock has a fifty day moving average of $24.68 and a two-hundred day moving average of $25.42. Western Asset Short Duration Income ETF has a fifty-two week low of $24.14 and a fifty-two week high of $26.51.

The business also recently declared a monthly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Monday, April 4th were given a dividend of $0.027 per share. This is an increase 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 yield of 1.34%.

Separately, UBS Group started coverage on Western Asset Short Duration Income ETF in a research note on Thursday, January 6th. They issued a “buy” rating for the company.

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