Western Asset Inflation-Linked Income Fund (NYSE:WIA) Short Interest Up 117.7% in March

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 12,435 shares, a growth of 117.7% from the March 15th total of 5,712 shares. Based on an average daily volume of 37,288 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP raised its stake in Western Asset Inflation-Linked Income Fund by 176.3% in the fourth quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock valued at $2,616,000 after purchasing an additional 201,873 shares in the last quarter. Fiera Capital Corp raised its stake in Western Asset Inflation-Linked Income Fund by 0.9% in the third quarter. Fiera Capital Corp now owns 238,114 shares of the financial services provider’s stock valued at $2,005,000 after purchasing an additional 2,175 shares in the last quarter. RHS Financial LLC raised its stake in Western Asset Inflation-Linked Income Fund by 2.6% in the third quarter. RHS Financial LLC now owns 188,569 shares of the financial services provider’s stock valued at $1,588,000 after purchasing an additional 4,863 shares in the last quarter. Bank of America Corp DE raised its stake in Western Asset Inflation-Linked Income Fund by 11.2% in the third quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 11,087 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in Western Asset Inflation-Linked Income Fund by 1.3% in the fourth quarter. Dakota Wealth Management now owns 102,793 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 1,350 shares in the last quarter.

Western Asset Inflation-Linked Income Fund Price Performance

NYSE:WIA traded up $0.03 on Tuesday, reaching $8.18. 62,711 shares of the company’s stock were exchanged, compared to its average volume of 44,744. Western Asset Inflation-Linked Income Fund has a 52 week low of $7.95 and a 52 week high of $8.54. The stock has a fifty day simple moving average of $8.19 and a 200-day simple moving average of $8.28.

Western Asset Inflation-Linked Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Thursday, May 21st.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.