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

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 60,403 shares, a drop of 55.3% from the April 30th total of 134,986 shares. Based on an average daily volume of 163,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Western Asset Diversified Income Fund

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in Western Asset Diversified Income Fund during the third quarter worth approximately $97,000. Geneos Wealth Management Inc. boosted its holdings in Western Asset Diversified Income Fund by 555.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock valued at $100,000 after purchasing an additional 5,711 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Western Asset Diversified Income Fund in the first quarter valued at $111,000. Sovran Advisors LLC purchased a new position in Western Asset Diversified Income Fund during the first quarter worth about $150,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Western Asset Diversified Income Fund in the 3rd quarter valued at $151,000.

Western Asset Diversified Income Fund Stock Performance

Shares of WDI stock traded up $0.03 during trading hours on Friday, reaching $13.81. 125,077 shares of the company’s stock were exchanged, compared to its average volume of 209,322. The stock’s 50 day moving average is $13.57 and its 200-day moving average is $13.84. Western Asset Diversified Income Fund has a fifty-two week low of $12.91 and a fifty-two week high of $15.28.

Western Asset Diversified Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.1485 dividend. 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 12.9%.

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.