Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 65.5% in February

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 589 shares, a decline of 65.5% from the February 12th total of 1,708 shares. Based on an average daily trading volume, of 4,647 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,647 shares, the short-interest ratio is presently 0.1 days.

Western Asset Bond ETF Stock Down 0.4%

WABF stock opened at $25.28 on Friday. The stock’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $25.49. Western Asset Bond ETF has a fifty-two week low of $24.31 and a fifty-two week high of $25.79.

Western Asset Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0828 per share. This is a positive change from Western Asset Bond ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Western Asset Bond ETF

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Western Asset Bond ETF by 50.6% in the 2nd 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. Encompass More Asset Management increased its stake in Western Asset Bond ETF by 32.1% during the 3rd 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 in the last quarter. Finally, Landmark Wealth Management LLC raised its holdings in Western Asset Bond ETF by 7.2% during the third 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 last quarter.

About Western Asset Bond ETF

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.