Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Increase in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 12,647 shares, a growth of 34.5% from the December 31st total of 9,404 shares. Based on an average trading volume of 3,006 shares, the short-interest ratio is presently 4.2 days. Currently, 1.9% of the shares of the company are short sold. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 3,006 shares, the short-interest ratio is presently 4.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WABF. JPMorgan Chase & Co. grew its holdings in Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after acquiring an additional 524 shares during the last quarter. Encompass More Asset Management increased its holdings in Western Asset Bond ETF by 32.1% in the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after purchasing an additional 12,077 shares during the period. Finally, Landmark Wealth Management LLC lifted its holdings in Western Asset Bond ETF by 7.2% during the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after buying an additional 9,260 shares during the period.

Western Asset Bond ETF Stock Up 0.0%

Shares of NASDAQ WABF traded up $0.01 during mid-day trading on Friday, reaching $25.45. The company had a trading volume of 1,566 shares, compared to its average volume of 3,823. The business’s 50-day simple moving average is $25.43 and its 200 day simple moving average is $25.40. Western Asset Bond ETF has a one year low of $24.31 and a one year high of $25.79.

Western Asset Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0826 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

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.