Western Asset Inflation-Linked Income Fund (NYSE:WIA) Sees Large Increase in Short Interest

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 111,353 shares, a growth of 155.3% from the June 15th total of 43,611 shares. Based on an average trading volume of 36,387 shares, the short-interest ratio is presently 3.1 days.

Western Asset Inflation-Linked Income Fund Price Performance

WIA opened at $8.06 on Tuesday. The business’s fifty day simple moving average is $8.11 and its 200 day simple moving average is $8.17. Western Asset Inflation-Linked Income Fund has a 52 week low of $7.95 and a 52 week high of $8.54.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.052 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

A number of hedge funds have recently made changes to their positions in WIA. Dakota Wealth Management grew its holdings in shares of Western Asset Inflation-Linked Income Fund by 1.3% during the 4th 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 during the last quarter. LPL Financial LLC lifted its stake in shares of Western Asset Inflation-Linked Income Fund by 4.9% in the 4th quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 1,631 shares during the last quarter. Aviance Capital Partners LLC grew its position in Western Asset Inflation-Linked Income Fund by 3.1% during the 4th quarter. Aviance Capital Partners LLC now owns 68,300 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 2,084 shares during the last quarter. Rock Point Advisors LLC increased its stake in Western Asset Inflation-Linked Income Fund by 6.5% in the 4th quarter. Rock Point Advisors LLC now owns 58,968 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 3,583 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its stake in shares of Western Asset Inflation-Linked Income Fund by 36.7% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 22,350 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 6,000 shares during the period.

Western Asset Inflation-Linked Income Fund Company Profile

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.