Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Down 23.7% in February

Western Asset Premier Bond Fund (NYSE:WEA – Get Rating) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 9,000 shares, a drop of 23.7% from the February 13th total of 11,800 shares. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 0.2 days.

Western Asset Premier Bond Fund Stock Down 0.1 %

Western Asset Premier Bond Fund stock opened at $10.17 on Friday. Western Asset Premier Bond Fund has a 12-month low of $9.54 and a 12-month high of $12.15. The firm’s fifty day moving average price is $10.87 and its 200 day moving average price is $10.56.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 24th will be given a $0.066 dividend. This represents a $0.79 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Thursday, March 23rd.

Insider Activity at Western Asset Premier Bond Fund

In related news, Director William E. B. Siart bought 10,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was bought at an average cost of $10.75 per share, with a total value of $107,500.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $107,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Western Asset Premier Bond Fund news, Director Ronald L. Olson sold 18,000 shares of Western Asset Premier Bond Fund stock in a transaction on Friday, January 20th. The shares were sold at an average price of $11.20, for a total value of $201,600.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $22,400. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William E. B. Siart purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was bought at an average price of $10.75 per share, for a total transaction of $107,500.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $107,500. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank grew its position in shares of Western Asset Premier Bond Fund by 330,000.0% during the 3rd quarter. Huntington National Bank now owns 3,301 shares of the investment management company’s stock valued at $32,000 after buying an additional 3,300 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Western Asset Premier Bond Fund in the 4th quarter worth approximately $95,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Western Asset Premier Bond Fund by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,740 shares of the investment management company’s stock worth $145,000 after acquiring an additional 893 shares during the period. Karpus Management Inc. acquired a new stake in Western Asset Premier Bond Fund during the second quarter valued at approximately $153,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Western Asset Premier Bond Fund during the first quarter valued at approximately $173,000.

Western Asset Premier Bond Fund Company Profile

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Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.