Western Asset Bond ETF (NASDAQ:WABF) Short Interest Up 98.6% in June

Western Asset Bond ETF (NASDAQ:WABF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,106 shares, a growth of 98.6% from the May 31st total of 2,067 shares. Based on an average daily trading volume, of 1,178 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of Western Asset Bond ETF

Several institutional investors have recently modified their holdings of WABF. JPMorgan Chase & Co. increased its holdings in Western Asset Bond ETF by 50.6% in 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 period. Landmark Wealth Management LLC lifted its holdings in Western Asset Bond ETF by 6.3% during the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after buying an additional 8,612 shares during the period. Finally, Encompass More Asset Management grew its position in shares of Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after buying an additional 1,207 shares during the last quarter.

Western Asset Bond ETF Stock Up 0.2%

NASDAQ:WABF traded up $0.04 during mid-day trading on Wednesday, hitting $25.03. 184 shares of the company’s stock were exchanged, compared to its average volume of 1,576. The company has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $25.24. Western Asset Bond ETF has a fifty-two week low of $24.71 and a fifty-two week high of $25.79.

Western Asset Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Western Asset Bond ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 8.6%.

Western Asset Bond ETF Company Profile

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.