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

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 15,551 shares, a decrease of 73.5% from the December 15th total of 58,752 shares. Based on an average trading volume of 382,549 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 382,549 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Western Asset Diversified Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in Western Asset Diversified Income Fund by 83.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,392 shares of the company’s stock valued at $50,000 after purchasing an additional 1,541 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Western Asset Diversified Income Fund in the second quarter worth $70,000. Advisory Services Network LLC bought a new stake in Western Asset Diversified Income Fund during the third quarter valued at $97,000. Geneos Wealth Management Inc. grew its position in Western Asset Diversified Income Fund by 555.5% during the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after buying an additional 5,711 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Western Asset Diversified Income Fund in the 3rd quarter worth about $151,000.

Western Asset Diversified Income Fund Stock Performance

Shares of NYSE:WDI traded up $0.03 during midday trading on Tuesday, reaching $13.83. 167,404 shares of the company traded hands, compared to its average volume of 247,093. The firm’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.63. 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 company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.1485 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.