Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Decline in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 209 shares, a decrease of 91.9% from the July 30th total of 2,582 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,957 shares, the short-interest ratio is currently 0.1 days.

Western Asset Bond ETF Trading Up 0.4%

NASDAQ WABF traded up $0.10 during trading on Tuesday, reaching $24.63. 18,741 shares of the company’s stock were exchanged, compared to its average volume of 1,698. Western Asset Bond ETF has a fifty-two week low of $24.41 and a fifty-two week high of $25.79. The company’s fifty day simple moving average is $24.68 and its 200-day simple moving average is $25.02.

Western Asset Bond ETF Dividend Announcement

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

Institutional Investors Weigh In On Western Asset Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Wilson & Boucher Capital Management LLC acquired a new position in shares of Western Asset Bond ETF in the second quarter worth $120,000. JPMorgan Chase & Co. boosted its position in Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares during the last quarter. Landmark Wealth Management LLC boosted its position in Western Asset Bond ETF by 6.3% during the fourth 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 during the last quarter. Finally, Encompass More Asset Management grew its stake in Western Asset Bond ETF by 2.4% in the fourth 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.

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.