Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Up 59.1% in October

Western Asset Diversified Income Fund (NYSE:WDI) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 108,800 shares, an increase of 59.1% from the September 30th total of 68,400 shares. Based on an average daily volume of 169,000 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 169,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its position in Western Asset Diversified Income Fund by 51.2% in the third quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock valued at $75,000 after acquiring an additional 1,737 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Western Asset Diversified Income Fund by 5.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 458,916 shares of the company’s stock valued at $6,751,000 after acquiring an additional 22,634 shares during the period. Geneos Wealth Management Inc. grew its holdings in Western Asset Diversified Income Fund by 555.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after buying an additional 5,711 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings in Western Asset Diversified Income Fund by 12.8% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 109,686 shares of the company’s stock worth $1,628,000 after purchasing an additional 12,478 shares during the period. Finally, Bank of America Corp DE raised its position in Western Asset Diversified Income Fund by 2.9% in the second quarter. Bank of America Corp DE now owns 438,469 shares of the company’s stock worth $6,507,000 after acquiring an additional 12,246 shares in the last quarter.

Western Asset Diversified Income Fund Trading Down 0.6%

Shares of WDI stock opened at $14.38 on Tuesday. Western Asset Diversified Income Fund has a 1-year low of $12.44 and a 1-year high of $15.28. The firm’s 50-day simple moving average is $14.87 and its 200-day simple moving average is $14.74.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 24th were given a dividend of $0.1485 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend was Friday, October 24th.