Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Declines By 60.0%

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a drop of 60.0% from the May 15th total of 500 shares. Based on an average daily volume of 8,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Western Asset Bond ETF Trading Down 0.5%

NASDAQ:WABF opened at $24.87 on Monday. Western Asset Bond ETF has a twelve month low of $24.31 and a twelve month high of $26.64. The stock has a fifty day simple moving average of $24.81 and a 200-day simple moving average of $25.02.

Western Asset Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.1081 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.30 annualized dividend and a dividend yield of 5.22%.

Institutional Trading of Western Asset Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Encompass More Asset Management lifted its position in shares of Western Asset Bond ETF by 12.0% during the first quarter. Encompass More Asset Management now owns 36,484 shares of the company’s stock worth $922,000 after purchasing an additional 3,901 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Western Asset Bond ETF by 20.8% during the fourth quarter. Jane Street Group LLC now owns 33,937 shares of the company’s stock worth $844,000 after purchasing an additional 5,837 shares during the last quarter. Finally, Landmark Wealth Management LLC lifted its position in shares of Western Asset Bond ETF by 5.3% during the first quarter. Landmark Wealth Management LLC now owns 129,534 shares of the company’s stock worth $3,273,000 after purchasing an additional 6,529 shares during the last quarter.

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.