Western Asset Premier Bond Fund (NYSE:WEA) Sees Large Drop in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 15,264 shares, a decline of 31.3% from the December 15th total of 22,207 shares. Based on an average daily volume of 36,318 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 36,318 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently modified their holdings of the company. Whipplewood Advisors LLC increased its position in Western Asset Premier Bond Fund by 0.6% during the 3rd quarter. Whipplewood Advisors LLC now owns 273,510 shares of the investment management company’s stock worth $3,072,000 after purchasing an additional 1,665 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in shares of Western Asset Premier Bond Fund by 8.8% in the third quarter. Consolidated Portfolio Review Corp now owns 238,489 shares of the investment management company’s stock worth $2,678,000 after acquiring an additional 19,349 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Western Asset Premier Bond Fund by 24.8% in the 3rd quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock valued at $2,671,000 after acquiring an additional 47,213 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Western Asset Premier Bond Fund by 10.0% during the second quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock worth $2,528,000 after purchasing an additional 21,132 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Western Asset Premier Bond Fund by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 223,939 shares of the investment management company’s stock valued at $2,515,000 after buying an additional 8,198 shares during the period.

Western Asset Premier Bond Fund Stock Performance

NYSE:WEA traded up $0.04 during trading hours on Friday, reaching $11.31. 39,825 shares of the company were exchanged, compared to its average volume of 29,466. Western Asset Premier Bond Fund has a 52-week low of $10.16 and a 52-week high of $11.44. The stock has a 50 day simple moving average of $11.08 and a 200 day simple moving average of $11.05.

Western Asset Premier Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.