Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Decrease in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a decrease of 70.2% from the February 28th total of 29,200 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is presently 2.1 days.

Western Asset Bond ETF Trading Up 0.1 %

Shares of NASDAQ WABF opened at $25.13 on Friday. Western Asset Bond ETF has a 12 month low of $24.56 and a 12 month high of $26.64. The stock has a 50 day moving average of $25.14 and a 200-day moving average of $25.44.

Western Asset Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1889 per share. This is a boost from Western Asset Bond ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On Western Asset Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of WABF. Encompass More Asset Management lifted its stake in shares of Western Asset Bond ETF by 18.3% during the 4th quarter. Encompass More Asset Management now owns 32,583 shares of the company’s stock worth $810,000 after buying an additional 5,034 shares during the last quarter. Jane Street Group LLC lifted its position in Western Asset Bond ETF by 20.8% during the fourth quarter. Jane Street Group LLC now owns 33,937 shares of the company’s stock worth $844,000 after acquiring an additional 5,837 shares during the last quarter. Landmark Wealth Management LLC bought a new stake in shares of Western Asset Bond ETF during the fourth quarter worth approximately $3,059,000. Finally, Franklin Resources Inc. grew its position in shares of Western Asset Bond ETF by 55.6% in the third quarter. Franklin Resources Inc. now owns 700,000 shares of the company’s stock valued at $18,106,000 after purchasing an additional 250,000 shares during the last quarter.

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.