Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Up 243.0% in January

Western Asset Premier Bond Fund (NYSE:WEA) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 52,348 shares, a growth of 243.0% from the December 31st total of 15,264 shares. Based on an average daily volume of 28,483 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 28,483 shares, the days-to-cover ratio is presently 1.8 days.

Western Asset Premier Bond Fund Trading Down 0.5%

Shares of NYSE:WEA traded down $0.05 during trading on Wednesday, reaching $11.05. The stock had a trading volume of 20,792 shares, compared to its average volume of 30,166. Western Asset Premier Bond Fund has a 52 week low of $10.16 and a 52 week high of $11.44. The firm’s fifty day moving average is $11.09 and its 200 day moving average is $11.06.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Whipplewood Advisors LLC grew its stake in Western Asset Premier Bond Fund by 219.7% during the second quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock worth $2,950,000 after purchasing an additional 186,821 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Western Asset Premier Bond Fund by 24.8% during the 3rd quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock worth $2,671,000 after buying an additional 47,213 shares in the last quarter. Invictus Private Wealth LLC grew its position in shares of Western Asset Premier Bond Fund by 77.5% during the 2nd quarter. Invictus Private Wealth LLC now owns 92,820 shares of the investment management company’s stock worth $1,007,000 after buying an additional 40,520 shares during the period. M Holdings Securities Inc. bought a new stake in shares of Western Asset Premier Bond Fund in the 3rd quarter valued at $266,000. Finally, Guggenheim Capital LLC increased its stake in shares of Western Asset Premier Bond Fund by 10.0% in the 2nd quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock valued at $2,528,000 after acquiring an additional 21,132 shares in the last quarter.

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.