Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Short Interest Rises 71.1%

Western Asset Inflation-Linked Income Fund (NYSE:WIA) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 16,253 shares, a growth of 71.1% from the August 31st total of 9,500 shares. Based on an average daily volume of 34,793 shares, the days-to-cover ratio is currently 0.5 days.

Western Asset Inflation-Linked Income Fund Stock Performance

NYSE:WIA traded up $0.04 during trading hours on Thursday, reaching $7.64. 63,001 shares of the company were exchanged, compared to its average volume of 41,918. Western Asset Inflation-Linked Income Fund has a twelve month low of $7.45 and a twelve month high of $8.54. The stock’s 50-day moving average is $7.89 and its 200-day moving average is $8.03.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0520 per share. The ex-dividend date is Friday, November 20th. This represents a $0.62 annualized dividend and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. PenderFund Capital Management Ltd. acquired a new position in Western Asset Inflation-Linked Income Fund during the 2nd quarter worth $8,389,000. Bank of America Corp DE acquired a new position in Western Asset Inflation-Linked Income Fund in the 2nd quarter valued at approximately $6,664,000. Capstone Investment Advisors LLC bought a new stake in Western Asset Inflation-Linked Income Fund in the second quarter worth $3,887,000. Roberts Glore & Co. Inc. IL bought a new stake in shares of Western Asset Inflation-Linked Income Fund in the second quarter valued at approximately $1,039,000. Finally, Global Retirement Partners LLC acquired a new stake in Western Asset Inflation-Linked Income Fund in the 2nd quarter valued at $280,000.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end investment company managed by Western Asset Management Company. The fund seeks to provide current income and preserve purchasing power by investing primarily in inflation-linked fixed-income securities.

WIA invests in securities issued by the U.S. government and other sovereign governments, government agencies, corporations and related issuers. Its portfolio may include Treasury Inflation-Protected Securities (TIPS) and other bonds whose principal or interest payments are linked to changes in inflation, along with securities denominated in both U.S.