Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 95.5% in April

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 500 shares, a decline of 95.5% from the March 31st total of 11,000 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Western Asset Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of WABF. Franklin Resources Inc. increased its stake in shares of Western Asset Bond ETF by 55.6% during the third quarter. Franklin Resources Inc. now owns 700,000 shares of the company’s stock worth $18,106,000 after purchasing an additional 250,000 shares in the last quarter. Landmark Wealth Management LLC acquired a new position in Western Asset Bond ETF during the fourth quarter worth about $3,059,000. Jane Street Group LLC boosted 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. Finally, Encompass More Asset Management boosted its position in Western Asset Bond ETF by 18.3% during the fourth quarter. Encompass More Asset Management now owns 32,583 shares of the company’s stock worth $810,000 after acquiring an additional 5,034 shares during the last quarter.

Western Asset Bond ETF Price Performance

WABF stock opened at $25.09 on Monday. The firm has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $25.21. Western Asset Bond ETF has a 52 week low of $24.31 and a 52 week high of $26.64.

Western Asset Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.1166 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.58%.

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.