Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 10,089 shares, an increase of 59.5% from the November 30th total of 6,327 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 3,438 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 3,438 shares, the short-interest ratio is currently 2.9 days. Currently, 1.6% of the company’s stock are short sold.

Western Asset Bond ETF Stock Up 0.1%

NASDAQ:WABF opened at $25.37 on Friday. Western Asset Bond ETF has a 1-year low of $24.31 and a 1-year high of $25.79. The company has a 50-day moving average of $25.50 and a 200 day moving average of $25.33.

Western Asset Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a $0.0826 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

Hedge Funds Weigh In On Western Asset Bond ETF

A number of large investors have recently bought and sold shares of WABF. JPMorgan Chase & Co. lifted its holdings in Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after buying an additional 524 shares during the period. Encompass More Asset Management increased its holdings in shares of Western Asset Bond ETF by 32.1% in the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after acquiring an additional 12,077 shares during the period. Finally, Landmark Wealth Management LLC raised its position in shares of Western Asset Bond ETF by 7.2% in the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after acquiring an additional 9,260 shares in the last quarter.

About Western Asset Bond ETF

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.