Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 91.9% in August

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 209 shares, a decline of 91.9% from the July 30th total of 2,582 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,957 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Western Asset Bond ETF by 50.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares during the last quarter. Encompass More Asset Management raised its holdings in Western Asset Bond ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after buying an additional 1,207 shares in the last quarter. Landmark Wealth Management LLC lifted its position in shares of Western Asset Bond ETF by 6.3% in the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after buying an additional 8,612 shares during the last quarter. Finally, Wilson & Boucher Capital Management LLC bought a new stake in shares of Western Asset Bond ETF during the 2nd quarter worth about $120,000.

Western Asset Bond ETF Trading Up 0.4%

Shares of NASDAQ WABF traded up $0.10 during trading hours on Tuesday, hitting $24.63. The stock had a trading volume of 18,741 shares, compared to its average volume of 1,698. The firm’s 50-day moving average price is $24.68 and its two-hundred day moving average price is $25.02. Western Asset Bond ETF has a 52 week low of $24.41 and a 52 week high of $25.79.

Western Asset Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.1201 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

About Western Asset Bond ETF

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.