Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Down 50.3% in June

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 39,656 shares, a decrease of 50.3% from the May 31st total of 79,811 shares. Based on an average daily trading volume, of 223,882 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Western Asset Diversified Income Fund in the third quarter worth about $97,000. Geneos Wealth Management Inc. increased its stake 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 worth $100,000 after purchasing an additional 5,711 shares during the period. Fifth Third Bancorp purchased a new position in Western Asset Diversified Income Fund in the 1st quarter worth approximately $111,000. Susquehanna International Group LLP bought a new stake in Western Asset Diversified Income Fund in the third quarter valued at approximately $151,000. Finally, Sovran Advisors LLC bought a new stake in Western Asset Diversified Income Fund in the first quarter valued at approximately $150,000.

Western Asset Diversified Income Fund Price Performance

Shares of Western Asset Diversified Income Fund stock traded up $0.04 during trading on Thursday, reaching $13.70. The company’s stock had a trading volume of 103,269 shares, compared to its average volume of 207,237. Western Asset Diversified Income Fund has a 52-week low of $12.91 and a 52-week high of $15.28. The firm’s 50-day moving average is $13.56 and its two-hundred day moving average is $13.69.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.1485 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 13.0%.

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.