Short Interest in Western Asset Inflation-Linked Income Fund (NYSE:WIA) Expands By 205.8%

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 43,611 shares, a growth of 205.8% from the May 31st total of 14,263 shares. Based on an average daily trading volume, of 50,966 shares, the short-interest ratio is presently 0.9 days.

Western Asset Inflation-Linked Income Fund Stock Up 0.6%

Western Asset Inflation-Linked Income Fund stock traded up $0.04 during trading hours on Friday, reaching $8.12. 60,913 shares of the company were exchanged, compared to its average volume of 44,908. The stock has a 50-day moving average of $8.12 and a 200 day moving average of $8.18. Western Asset Inflation-Linked Income Fund has a 12 month low of $7.95 and a 12 month high of $8.54.

Western Asset Inflation-Linked 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 dividend of $0.052 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Trading of Western Asset Inflation-Linked Income Fund

Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new stake in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth approximately $476,000. Wakefield Asset Management LLLP lifted its holdings in Western Asset Inflation-Linked Income Fund by 6.2% during the 3rd quarter. Wakefield Asset Management LLLP now owns 114,487 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 6,639 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Western Asset Inflation-Linked Income Fund by 11.2% during the third quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock worth $924,000 after buying an additional 11,087 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Western Asset Inflation-Linked Income Fund during the third quarter worth approximately $138,000. Finally, PenderFund Capital Management Ltd. increased its holdings in Western Asset Inflation-Linked Income Fund by 17.3% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 89,100 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 13,168 shares in the last quarter.

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.