Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Decreases By 87.1%

Western Asset Bond ETF (NASDAQ:WABFGet Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 27 shares, a drop of 87.1% from the August 15th total of 209 shares. Based on an average trading volume of 4,431 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Western Asset Bond ETF

An institutional investor recently raised its stake in Western Asset Bond ETF stock. JPMorgan Chase & Co. increased its stake in Western Asset Bond ETF (NASDAQ:WABFFree Report) by 50.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560 shares of the company’s stock after buying an additional 524 shares during the period. JPMorgan Chase & Co. owned 0.24% of Western Asset Bond ETF worth $39,000 at the end of the most recent reporting period.

Western Asset Bond ETF Trading Down 0.7%

NASDAQ:WABF opened at $24.17 on Friday. The firm’s fifty day simple moving average is $24.55 and its 200 day simple moving average is $24.92. Western Asset Bond ETF has a twelve month low of $24.15 and a twelve month high of $25.79.

Western Asset Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.0897 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

Western Asset Bond ETF Company Profile

(Get Free Report)

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.

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