Western Asset Inflation-Linked Income Fund (NYSE:WIA) Short Interest Down 58.4% in July

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 37,655 shares, a drop of 58.4% from the July 15th total of 90,580 shares. Based on an average daily trading volume, of 44,100 shares, the short-interest ratio is currently 0.9 days.

Western Asset Inflation-Linked Income Fund Stock Performance

Shares of Western Asset Inflation-Linked Income Fund stock traded down $0.01 during trading hours on Monday, reaching $8.00. The company’s stock had a trading volume of 768 shares, compared to its average volume of 42,003. The firm has a 50 day moving average price of $8.04 and a 200-day moving average price of $8.13. Western Asset Inflation-Linked Income Fund has a one year low of $7.90 and a one year high of $8.54.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WIA. LPL Financial LLC grew its position in shares of Western Asset Inflation-Linked Income Fund by 4.9% during the 4th quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock worth $289,000 after buying an additional 1,631 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Western Asset Inflation-Linked Income Fund by 3.1% in the fourth quarter. Aviance Capital Partners LLC now owns 68,300 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 2,084 shares in the last quarter. Rock Point Advisors LLC lifted its stake in Western Asset Inflation-Linked Income Fund by 6.5% in the fourth quarter. Rock Point Advisors LLC now owns 58,968 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 3,583 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in Western Asset Inflation-Linked Income Fund by 36.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 22,350 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in Western Asset Inflation-Linked Income Fund during the 2nd quarter valued at about $57,000.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.