Short Interest in Western Asset Short Duration Income ETF (NASDAQ:WINC) Grows By 100.0%

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 600 shares, a growth of 100.0% from the February 28th total of 300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Encompass More Asset Management purchased a new stake in Western Asset Short Duration Income ETF in the third quarter valued at approximately $1,961,000. Citadel Advisors LLC increased its holdings in shares of Western Asset Short Duration Income ETF by 128.8% in the 4th quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after acquiring an additional 21,905 shares during the period. Jane Street Group LLC raised its position in Western Asset Short Duration Income ETF by 13.3% in the 4th quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock valued at $360,000 after purchasing an additional 1,760 shares during the last quarter. Finally, LPL Financial LLC raised its position in Western Asset Short Duration Income ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock valued at $2,255,000 after purchasing an additional 1,506 shares during the last quarter.

Western Asset Short Duration Income ETF Price Performance

Shares of WINC opened at $24.19 on Friday. Western Asset Short Duration Income ETF has a 1-year low of $23.65 and a 1-year high of $24.37. The firm has a fifty day moving average price of $24.12 and a 200 day moving average price of $24.10.

Western Asset Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.096 dividend. This is an increase from Western Asset Short Duration Income ETF’s previous dividend of $0.08. The ex-dividend date was Monday, March 3rd.

About Western Asset Short Duration Income ETF

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.