Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Decreases By 89.7%

Western Asset Bond ETF (NASDAQ:WABF) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 1,303 shares, a decline of 89.7% from the January 15th total of 12,647 shares. Based on an average trading volume of 4,697 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 4,697 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares in the last quarter. Encompass More Asset Management increased its position in Western Asset Bond ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after buying an additional 1,207 shares during the last quarter. Finally, Landmark Wealth Management LLC increased its position in Western Asset Bond ETF by 6.3% during the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after buying an additional 8,612 shares during the last quarter.

Western Asset Bond ETF Price Performance

Shares of NASDAQ:WABF opened at $25.55 on Wednesday. Western Asset Bond ETF has a 12-month low of $24.31 and a 12-month high of $25.79. The firm has a fifty day moving average of $25.41 and a two-hundred day moving average of $25.42.

Western Asset Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0438 per share. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, February 2nd.

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.