Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Expands By 107.1%

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 32,199 shares, a growth of 107.1% from the December 31st total of 15,551 shares. Based on an average daily volume of 238,962 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 238,962 shares, the days-to-cover ratio is currently 0.1 days.

Western Asset Diversified Income Fund Stock Performance

Shares of WDI stock opened at $13.88 on Friday. Western Asset Diversified Income Fund has a fifty-two week low of $12.44 and a fifty-two week high of $15.28. The stock’s fifty day moving average is $13.95 and its two-hundred day moving average is $14.52.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.1485 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

A number of large investors have recently made changes to their positions in WDI. Newbridge Financial Services Group Inc. purchased a new position in Western Asset Diversified Income Fund during the second quarter worth approximately $70,000. AdvisorNet Financial Inc grew its holdings in Western Asset Diversified Income Fund by 51.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock valued at $75,000 after buying an additional 1,737 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Western Asset Diversified Income Fund in the 3rd quarter worth $97,000. Geneos Wealth Management Inc. raised its holdings in shares of Western Asset Diversified Income Fund by 555.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after acquiring an additional 5,711 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Western Asset Diversified Income Fund during the 3rd quarter valued at about $151,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.