Western Asset Bond ETF (NASDAQ:WABF) Shares Shorted: Short Interest Up 123.5% in September

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 76 shares, an increase of 123.5% from the September 15th total of 34 shares. Based on an average daily trading volume, of 9,751 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Western Asset Bond ETF Stock Performance

Shares of NASDAQ WABF opened at $23.65 on Wednesday. The company has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $24.66. Western Asset Bond ETF has a 1 year low of $23.43 and a 1 year high of $25.79.

Western Asset Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1329 dividend. This is a boost from Western Asset Bond ETF’s previous monthly dividend of $0.0897. This represents a $1.59 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, October 1st.

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.