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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 37,655 shares, a decrease of 58.4% from the July 15th total of 90,580 shares. Based on an average daily volume of 44,100 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wakefield Asset Management LLLP boosted its stake in shares of Western Asset Inflation-Linked Income Fund by 176.3% in the 4th 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. Private Advisor Group LLC grew its holdings in shares of Western Asset Inflation-Linked Income Fund by 8.3% in the 1st quarter. Private Advisor Group LLC now owns 235,785 shares of the financial services provider’s stock worth $1,905,000 after purchasing an additional 18,012 shares during the last quarter. Roberts Glore & Co. Inc. IL acquired a new stake in shares of Western Asset Inflation-Linked Income Fund during the 2nd quarter worth about $1,039,000. Bank of America Corp DE increased its position in shares of Western Asset Inflation-Linked Income Fund by 11.2% during the 3rd quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 11,087 shares in the last quarter. Finally, PenderFund Capital Management Ltd. increased its position in shares of Western Asset Inflation-Linked Income Fund by 8.1% during the 4th quarter. PenderFund Capital Management Ltd. now owns 96,300 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 7,200 shares in the last quarter.

Western Asset Inflation-Linked Income Fund Trading Up 0.1%

Shares of WIA traded up $0.01 during mid-day trading on Friday, reaching $8.00. The company had a trading volume of 18,238 shares, compared to its average volume of 42,270. Western Asset Inflation-Linked Income Fund has a twelve month low of $7.90 and a twelve month high of $8.54. The company’s 50-day moving average is $8.04 and its 200-day moving average is $8.13.

Western Asset Inflation-Linked Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.052 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Monday, August 24th.

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.