Western Asset Bond ETF (NASDAQ:WABF) Sees Large Drop in Short Interest

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 27 shares, a drop of 87.1% from the August 15th total of 209 shares. Based on an average daily trading volume, of 4,431 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Western Asset Bond ETF

A hedge fund recently raised its stake in Western Asset Bond ETF stock. JPMorgan Chase & Co. increased its holdings in shares of Western Asset Bond ETF (NASDAQ:WABF) by 50.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,560 shares of the company’s stock after purchasing an additional 524 shares during the period. JPMorgan Chase & Co. owned approximately 0.24% of Western Asset Bond ETF worth $39,000 at the end of the most recent quarter.

Western Asset Bond ETF Stock Down 0.2%

Shares of WABF opened at $24.11 on Friday. The firm’s fifty day simple moving average is $24.53 and its two-hundred day simple moving average is $24.92. Western Asset Bond ETF has a 12 month low of $24.11 and a 12 month high of $25.79.

Western Asset Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.0897 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Western Asset Bond ETF Company Profile

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.