Western Asset Bond ETF (NASDAQ:WABF) Sees Large Drop in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,582 shares, a decrease of 37.9% from the July 15th total of 4,159 shares. Based on an average daily volume of 1,395 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the shares of the company are short sold.

Western Asset Bond ETF Stock Up 0.1%

Shares of WABF opened at $24.56 on Tuesday. The business’s 50-day moving average is $24.72 and its two-hundred day moving average is $25.06. Western Asset Bond ETF has a fifty-two week low of $24.41 and a fifty-two week high of $25.79.

Western Asset Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.1201 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Western Asset Bond ETF by 50.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after purchasing an additional 524 shares in the last quarter. Encompass More Asset Management increased its holdings in shares of Western Asset Bond ETF by 2.4% during the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Landmark Wealth Management LLC increased its holdings in shares of Western Asset Bond ETF by 6.3% during the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares in the last quarter.

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. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.