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

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 41,929 shares, a drop of 65.6% from the July 15th total of 122,013 shares. Based on an average trading volume of 199,136 shares, the short-interest ratio is currently 0.2 days.

Western Asset Diversified Income Fund Stock Performance

NYSE WDI traded up $0.00 during midday trading on Friday, hitting $13.25. The company had a trading volume of 141,004 shares, compared to its average volume of 205,388. The firm has a fifty day simple moving average of $13.38 and a two-hundred day simple moving average of $13.59. Western Asset Diversified Income Fund has a fifty-two week low of $12.91 and a fifty-two week high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.1485 dividend. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Friday, November 20th.

Insider Activity

In related news, Director Nisha Kumar sold 13,886 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $13.14, for a total transaction of $182,462.04. Following the transaction, the director owned 6,750 shares of the company’s stock, valued at approximately $88,695. The trade was a 67.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. bought a new position in shares of Western Asset Diversified Income Fund during the 1st quarter worth about $159,000. Sanctuary Advisors LLC increased its stake in Western Asset Diversified Income Fund by 42.1% in the first quarter. Sanctuary Advisors LLC now owns 27,000 shares of the company’s stock valued at $363,000 after acquiring an additional 8,000 shares during the period. Fifth Third Bancorp bought a new stake in Western Asset Diversified Income Fund in the first quarter valued at about $111,000. Sovran Advisors LLC acquired a new position in Western Asset Diversified Income Fund in the first quarter worth about $150,000. Finally, Sit Investment Associates Inc. acquired a new stake in Western Asset Diversified Income Fund during the fourth quarter valued at approximately $2,647,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.