Western Asset Premier Bond Fund (NYSE:WEA) Sees Significant Increase in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 18,177 shares, a growth of 102.8% from the May 14th total of 8,964 shares. Based on an average daily trading volume, of 36,878 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently modified their holdings of WEA. Guggenheim Capital LLC raised its holdings in shares of Western Asset Premier Bond Fund by 24.6% in the 4th quarter. Guggenheim Capital LLC now owns 268,770 shares of the investment management company’s stock worth $2,965,000 after purchasing an additional 53,119 shares during the period. Sit Investment Associates Inc. raised its holdings in shares of Western Asset Premier Bond Fund by 5.3% in the 4th quarter. Sit Investment Associates Inc. now owns 979,214 shares of the investment management company’s stock worth $10,801,000 after purchasing an additional 49,505 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Western Asset Premier Bond Fund by 24.8% in the 3rd quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock worth $2,671,000 after purchasing an additional 47,213 shares during the period. LPL Financial LLC raised its holdings in shares of Western Asset Premier Bond Fund by 15.0% in the 4th quarter. LPL Financial LLC now owns 324,644 shares of the investment management company’s stock worth $3,581,000 after purchasing an additional 42,252 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of Western Asset Premier Bond Fund by 20.4% in the 4th quarter. Fiera Capital Corp now owns 192,435 shares of the investment management company’s stock worth $2,123,000 after purchasing an additional 32,569 shares during the period.

Western Asset Premier Bond Fund Trading Up 0.5%

NYSE WEA opened at $10.60 on Friday. The business’s 50-day moving average price is $10.62 and its 200 day moving average price is $10.86. Western Asset Premier Bond Fund has a twelve month low of $10.30 and a twelve month high of $11.44.

Western Asset Premier Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, August 24th.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.