Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 60,403 shares, a drop of 55.3% from the April 30th total of 134,986 shares. Based on an average daily volume of 163,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WDI. Royal Bank of Canada increased its holdings in shares of Western Asset Diversified Income Fund by 15.1% during the 1st quarter. Royal Bank of Canada now owns 212,244 shares of the company’s stock valued at $3,067,000 after acquiring an additional 27,777 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Western Asset Diversified Income Fund during the 1st quarter valued at approximately $531,000. Jane Street Group LLC boosted its stake in Western Asset Diversified Income Fund by 8.8% during the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock valued at $250,000 after purchasing an additional 1,393 shares during the period. Cetera Investment Advisers boosted its stake in Western Asset Diversified Income Fund by 10.9% during the 2nd quarter. Cetera Investment Advisers now owns 30,768 shares of the company’s stock valued at $457,000 after purchasing an additional 3,025 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Western Asset Diversified Income Fund by 35.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 143,759 shares of the company’s stock valued at $2,133,000 after purchasing an additional 37,259 shares during the period.

Western Asset Diversified Income Fund Stock Performance

WDI stock traded down $0.17 during mid-day trading on Monday, hitting $13.62. The stock had a trading volume of 327,967 shares, compared to its average volume of 210,473. Western Asset Diversified Income Fund has a 1-year low of $12.91 and a 1-year high of $15.28. The company has a fifty day moving average of $13.57 and a 200 day moving average of $13.84.

Western Asset Diversified Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.1485 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Monday, August 24th.

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.