Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDI) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 108,800 shares, a growth of 59.1% from the September 30th total of 68,400 shares. Based on an average daily volume of 169,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 169,000 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in WDI. Readystate Asset Management LP grew its stake in shares of Western Asset Diversified Income Fund by 128.0% during the 1st quarter. Readystate Asset Management LP now owns 77,934 shares of the company’s stock worth $1,126,000 after purchasing an additional 43,750 shares during the period. Penserra Capital Management LLC lifted its position in shares of Western Asset Diversified Income Fund by 3.3% during the 1st quarter. Penserra Capital Management LLC now owns 1,215,894 shares of the company’s stock valued at $17,569,000 after acquiring an additional 38,999 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Western Asset Diversified Income Fund by 35.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 143,759 shares of the company’s stock valued at $2,133,000 after acquiring an additional 37,259 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at approximately $531,000. Finally, Sit Investment Associates Inc. acquired a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at approximately $498,000.

Western Asset Diversified Income Fund Price Performance

WDI opened at $14.45 on Friday. The business has a 50 day simple moving average of $14.88 and a 200-day simple moving average of $14.73. Western Asset Diversified Income Fund has a 12 month low of $12.44 and a 12 month high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a dividend of $0.1485 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.