Western Asset Bond ETF (NASDAQ:WABF) Sees Large Growth in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 10,089 shares, an increase of 59.5% from the November 30th total of 6,327 shares. Based on an average daily trading volume, of 3,438 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,438 shares, the days-to-cover ratio is currently 2.9 days.

Western Asset Bond ETF Stock Performance

WABF opened at $25.37 on Friday. The business has a fifty day moving average of $25.50 and a 200 day moving average of $25.33. Western Asset Bond ETF has a 52-week low of $24.31 and a 52-week high of $25.79.

Western Asset Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0826 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

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 grew its stake in Western Asset Bond ETF by 7.2% in the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after acquiring an additional 9,260 shares in the last quarter. Encompass More Asset Management grew its stake in Western Asset Bond ETF by 32.1% in the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock worth $1,269,000 after purchasing an additional 12,077 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after purchasing an additional 524 shares during the period.

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. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.