Short Interest in Western Asset Short Duration Income ETF (NASDAQ:WINC) Expands By 700.0%

Posted by Linda Flegge on Dec 11th, 2024

Western Asset Short Duration Income ETF (NASDAQ:WINC – Get Free Report) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 800 shares, a growth of 700.0% from the November 15th total of 100 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 0.3 days.

Western Asset Short Duration Income ETF Stock Performance

Shares of NASDAQ:WINC traded up $0.01 during trading hours on Wednesday, hitting $24.08. 1,266 shares of the company’s stock traded hands, compared to its average volume of 3,654. The company’s fifty day simple moving average is $24.07 and its two-hundred day simple moving average is $24.05. Western Asset Short Duration Income ETF has a 52 week low of $23.57 and a 52 week high of $24.37.

Western Asset Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.098 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.18 annualized dividend and a dividend yield of 4.88%. This is a boost from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

A hedge fund recently bought a new stake in Western Asset Short Duration Income ETF stock. Encompass More Asset Management acquired a new stake in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 80,536 shares of the company’s stock, valued at approximately $1,961,000. Encompass More Asset Management owned approximately 16.11% of Western Asset Short Duration Income ETF at the end of the most recent quarter.

About Western Asset Short Duration Income ETF

(Get Free Report)

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.