Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Down 42.7% in January

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 29,979 shares, a drop of 42.7% from the January 15th total of 52,348 shares. Based on an average daily volume of 31,185 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 31,185 shares, the days-to-cover ratio is currently 1.0 days.

Western Asset Premier Bond Fund Stock Performance

Western Asset Premier Bond Fund stock traded down $0.00 during mid-day trading on Friday, reaching $11.11. The company’s stock had a trading volume of 23,377 shares, compared to its average volume of 34,693. Western Asset Premier Bond Fund has a twelve month low of $10.16 and a twelve month high of $11.44. The business has a 50 day moving average price of $11.11 and a 200-day moving average price of $11.10.

Western Asset Premier Bond Fund Dividend Announcement

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

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Large investors have recently bought and sold shares of the business. Coston McIsaac & Partners bought a new position in shares of Western Asset Premier Bond Fund during the fourth quarter valued at approximately $31,000. Harbour Investments Inc. boosted its position in Western Asset Premier Bond Fund by 124.3% during the 4th quarter. Harbour Investments Inc. now owns 8,179 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 4,532 shares during the period. Wolverine Asset Management LLC bought a new position in Western Asset Premier Bond Fund during the 2nd quarter worth $99,000. Smith Asset Management Co. LLC increased its position in Western Asset Premier Bond Fund by 8.9% in the third quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock worth $152,000 after buying an additional 1,108 shares during the period. Finally, PFG Investments LLC increased its position in Western Asset Premier Bond Fund by 25.1% in the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock worth $169,000 after buying an additional 3,023 shares during the period.

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.