Western Asset Bond ETF (NASDAQ:WABF) Stock Short Interest Report for October

Western Asset Bond ETF (NASDAQ:WABF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 274 shares, a growth of 260.5% from the September 30th total of 76 shares. Based on an average daily volume of 1,463 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Western Asset Bond ETF

A hedge fund recently raised its stake in Western Asset Bond ETF stock. Encompass More Asset Management boosted its holdings in shares of Western Asset Bond ETF (NASDAQ:WABF) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,285 shares of the company’s stock after acquiring an additional 2,286 shares during the quarter. Encompass More Asset Management owned 4.26% of Western Asset Bond ETF worth $504,000 as of its most recent SEC filing.

Western Asset Bond ETF Stock Performance

Western Asset Bond ETF stock opened at $23.98 on Friday. Western Asset Bond ETF has a 52-week low of $23.43 and a 52-week high of $25.77. The business has a 50-day simple moving average of $24.02 and a two-hundred day simple moving average of $24.81.

Western Asset Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1329 per share. This represents a $1.59 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Thursday, October 1st. This is a positive change from Western Asset Bond ETF’s previous monthly dividend of $0.0897.

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.