Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 122,013 shares, a growth of 96.3% from the June 30th total of 62,157 shares. Based on an average trading volume of 160,834 shares, the days-to-cover ratio is presently 0.8 days.

Western Asset Diversified Income Fund Trading Down 0.7%

Shares of NYSE:WDI opened at $12.95 on Thursday. Western Asset Diversified Income Fund has a 1 year low of $12.91 and a 1 year high of $15.28. The business has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $13.64.

Western Asset Diversified Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.1485 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Several institutional investors have recently made changes to their positions in WDI. Advisory Services Network LLC bought a new position in Western Asset Diversified Income Fund during the third quarter valued at approximately $97,000. Geneos Wealth Management Inc. grew its position in Western Asset Diversified Income Fund by 555.5% in the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after acquiring an additional 5,711 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Western Asset Diversified Income Fund during the 1st quarter worth $111,000. Focus Financial Network Inc. bought a new position in shares of Western Asset Diversified Income Fund during the 2nd quarter valued at $144,000. Finally, Sovran Advisors LLC bought a new position in shares of Western Asset Diversified Income Fund during the 1st quarter valued at $150,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.