Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Rises By 98.6%

Western Asset Bond ETF (NASDAQ:WABF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,106 shares, an increase of 98.6% from the May 31st total of 2,067 shares. Based on an average trading volume of 1,178 shares, the short-interest ratio is currently 3.5 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of Western Asset Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in WABF. Landmark Wealth Management LLC boosted its stake in shares of Western Asset Bond ETF by 6.3% in the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares during the last quarter. Encompass More Asset Management raised its stake in shares of Western Asset Bond ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after buying an additional 1,207 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 last quarter.

Western Asset Bond ETF Price Performance

NASDAQ WABF opened at $24.83 on Friday. Western Asset Bond ETF has a 52 week low of $24.71 and a 52 week high of $25.79. The stock has a fifty day moving average of $24.97 and a 200-day moving average of $25.24.

Western Asset Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a $0.1124 dividend. The ex-dividend date is Wednesday, July 1st.

Western Asset Bond ETF Company Profile

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.