Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Down 75.5% in February

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 4,500 shares, a decrease of 75.5% from the January 31st total of 18,400 shares. Based on an average trading volume of 28,500 shares, the short-interest ratio is currently 0.2 days.

Western Asset Premier Bond Fund Stock Performance

WEA opened at $10.87 on Friday. The company’s 50-day simple moving average is $10.91 and its two-hundred day simple moving average is $11.03. Western Asset Premier Bond Fund has a 52-week low of $10.40 and a 52-week high of $11.34.

Western Asset Premier Bond Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.07 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Western Asset Premier Bond Fund’s previous dividend of $0.07.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in shares of Western Asset Premier Bond Fund during the fourth quarter valued at about $2,753,000. Raymond James Financial Inc. purchased a new stake in Western Asset Premier Bond Fund in the fourth quarter worth $1,668,000. StoneX Group Inc. bought a new stake in Western Asset Premier Bond Fund during the 4th quarter valued at about $872,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Western Asset Premier Bond Fund by 232.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock valued at $1,121,000 after purchasing an additional 72,768 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Western Asset Premier Bond Fund during the fourth quarter valued at $636,000.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.