Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Grows By 175.0%

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,100 shares, a growth of 175.0% from the August 15th total of 400 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Western Asset Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Landmark Wealth Management LLC increased its holdings 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 valued at $3,273,000 after purchasing an additional 6,529 shares during the last quarter. Encompass More Asset Management increased its holdings in Western Asset Bond ETF by 12.0% in 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 during the last quarter. Jane Street Group LLC increased 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 valued at $844,000 after purchasing an additional 5,837 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $39,000 after purchasing an additional 524 shares during the last quarter.

Western Asset Bond ETF Stock Down 0.1%

Shares of WABF opened at $25.58 on Friday. Western Asset Bond ETF has a 12-month low of $24.31 and a 12-month high of $26.64. The stock’s fifty day simple moving average is $25.16 and its 200-day simple moving average is $25.05.

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.