Western Asset Bond ETF (NASDAQ:WABF) Stock Short Interest Climbs 123.5%

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 76 shares, an increase of 123.5% from the September 15th total of 34 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,751 shares, the days-to-cover ratio is presently 0.0 days.

Western Asset Bond ETF Price Performance

NASDAQ:WABF traded up $0.12 on Thursday, reaching $23.79. 59 shares of the company’s stock were exchanged, compared to its average volume of 2,534. Western Asset Bond ETF has a 52 week low of $23.43 and a 52 week high of $25.79. The stock has a fifty day simple moving average of $24.15 and a 200-day simple moving average of $24.65.

Western Asset Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1329 dividend. This represents a $1.59 annualized dividend and a dividend yield of 6.7%. This is an increase from Western Asset Bond ETF’s previous monthly dividend of $0.0897. The ex-dividend date of this dividend was Thursday, October 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.