Western Asset Premier Bond Fund (NYSE:WEA) Sees Significant Increase in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 9,900 shares, an increase of 98.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 24,600 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in Western Asset Premier Bond Fund during the fourth quarter valued at about $636,000. Commonwealth Equity Services LLC grew its position in Western Asset Premier Bond Fund by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock worth $313,000 after acquiring an additional 1,133 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Western Asset Premier Bond Fund in the fourth quarter worth $872,000. Raymond James Financial Inc. purchased a new position in shares of Western Asset Premier Bond Fund in the fourth quarter valued at about $1,668,000. Finally, Whipplewood Advisors LLC bought a new position in Western Asset Premier Bond Fund during the 4th quarter valued at approximately $2,753,000.

Western Asset Premier Bond Fund Stock Performance

NYSE:WEA traded up $0.04 during mid-day trading on Friday, reaching $10.96. The stock had a trading volume of 19,676 shares, compared to its average volume of 30,808. The firm has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $11.01. Western Asset Premier Bond Fund has a one year low of $10.40 and a one year high of $11.34.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.07 dividend. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 7.6%.

Western Asset Premier Bond Fund Company Profile

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.