Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 589 shares, a decrease of 65.5% from the February 12th total of 1,708 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,647 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 4,647 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Western Asset Bond ETF

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after buying an additional 524 shares during the last quarter. Encompass More Asset Management raised its position in Western Asset Bond ETF by 2.4% in the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after acquiring an additional 1,207 shares during the period. Finally, Landmark Wealth Management LLC boosted its stake in shares of Western Asset Bond ETF by 6.3% during the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after acquiring an additional 8,612 shares during the last quarter.

Western Asset Bond ETF Stock Performance

Shares of WABF stock opened at $25.44 on Wednesday. Western Asset Bond ETF has a 12-month low of $24.31 and a 12-month high of $25.79. The firm’s 50 day moving average is $25.50 and its 200 day moving average is $25.49.

Western Asset Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0828 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Western Asset Bond ETF’s previous monthly dividend of $0.04.

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. 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.