Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Down 34.7% in May

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 9,400 shares, a decrease of 34.7% from the May 15th total of 14,400 shares. Based on an average daily trading volume, of 27,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Investments Inc. purchased a new position in shares of Western Asset Premier Bond Fund during the 1st quarter valued at $41,000. Strategic Financial Concepts LLC bought a new stake in Western Asset Premier Bond Fund during the fourth quarter valued at about $115,000. Smith Asset Management Co. LLC bought a new stake in Western Asset Premier Bond Fund during the first quarter valued at about $133,000. Benjamin Edwards Inc. raised its stake in Western Asset Premier Bond Fund by 22.2% during the 1st quarter. Benjamin Edwards Inc. now owns 19,280 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 3,500 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Western Asset Premier Bond Fund by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 1,133 shares during the period.

Western Asset Premier Bond Fund Trading Up 0.3%

Western Asset Premier Bond Fund stock opened at $10.78 on Tuesday. Western Asset Premier Bond Fund has a one year low of $10.16 and a one year high of $11.38. The stock has a fifty day moving average of $10.69 and a 200 day moving average of $10.83.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.07 per share. This represents a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, June 23rd.

About Western Asset Premier Bond Fund

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.