Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Decline in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 400 shares, adropof33.3% from the July 31st total of 600 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 0.5 days.

Western Asset Bond ETF Price Performance

NASDAQ WABF opened at $25.47 on Friday. The company’s fifty day simple moving average is $25.12 and its 200-day simple moving average is $25.04. Western Asset Bond ETF has a 52 week low of $24.31 and a 52 week high of $26.64.

Institutional Trading of Western Asset Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in Western Asset Bond ETF by 20.8% in 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 period. Encompass More Asset Management raised its stake 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 valued at $922,000 after purchasing an additional 3,901 shares in the last quarter. Landmark Wealth Management LLC raised its position in Western Asset Bond ETF by 5.3% in the first quarter. Landmark Wealth Management LLC now owns 129,534 shares of the company’s stock worth $3,273,000 after acquiring an additional 6,529 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after acquiring an additional 524 shares in the last quarter.

Western Asset Bond ETF Company Profile

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.