Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Grows By 31.7%

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 79,180 shares, a growth of 31.7% from the January 29th total of 60,138 shares. Based on an average daily trading volume, of 230,048 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 230,048 shares, the days-to-cover ratio is presently 0.3 days.

Western Asset Diversified Income Fund Price Performance

NYSE:WDI traded down $0.16 during mid-day trading on Wednesday, hitting $13.92. 215,084 shares of the stock traded hands, compared to its average volume of 242,526. The business’s 50-day moving average price is $13.93 and its 200 day moving average price is $14.38. Western Asset Diversified Income Fund has a 12-month low of $12.44 and a 12-month high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.1485 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Western Asset Diversified Income Fund in the 2nd quarter worth about $70,000. AdvisorNet Financial Inc increased its position in shares of Western Asset Diversified Income Fund by 51.2% in the third quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock worth $75,000 after purchasing an additional 1,737 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Western Asset Diversified Income Fund in the third quarter valued at approximately $97,000. Geneos Wealth Management Inc. raised its stake in Western Asset Diversified Income Fund by 555.5% in the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock valued at $100,000 after purchasing an additional 5,711 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Western Asset Diversified Income Fund during the third quarter valued at approximately $151,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.