Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDIGet Free Report) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 52,800 shares, a decline of 42.1% from the January 15th total of 91,200 shares. Based on an average daily trading volume, of 207,400 shares, the short-interest ratio is currently 0.3 days.

Insider Activity

In other Western Asset Diversified Income Fund news, Director Nisha Kumar bought 9,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $127,440.00. Following the completion of the purchase, the director now owns 9,000 shares of the company’s stock, valued at approximately $127,440. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in WDI. Advisory Services Network LLC purchased a new position in Western Asset Diversified Income Fund in the fourth quarter valued at about $128,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Western Asset Diversified Income Fund in the fourth quarter worth about $152,000. SFI Advisors LLC purchased a new position in Western Asset Diversified Income Fund in the 3rd quarter worth approximately $179,000. Claro Advisors LLC purchased a new position in Western Asset Diversified Income Fund in the 4th quarter worth approximately $242,000. Finally, Private Advisor Group LLC boosted its holdings in Western Asset Diversified Income Fund by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 22,162 shares of the company’s stock worth $293,000 after acquiring an additional 868 shares during the period.

Western Asset Diversified Income Fund Stock Performance

WDI traded up $0.02 on Monday, reaching $14.48. 120,935 shares of the company’s stock were exchanged, compared to its average volume of 181,536. Western Asset Diversified Income Fund has a twelve month low of $12.16 and a twelve month high of $14.49. The company’s 50 day simple moving average is $14.12.

Western Asset Diversified Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 22nd will be given a $0.143 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $1.72 annualized dividend and a dividend yield of 11.85%. This is a positive change from Western Asset Diversified Income Fund’s previous monthly dividend of $0.14.

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