Western Asset Bond ETF (NASDAQ:WABF) Short Interest Up 34.5% in January

Western Asset Bond ETF (NASDAQ:WABF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 12,647 shares, a growth of 34.5% from the December 31st total of 9,404 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 3,006 shares, the short-interest ratio is currently 4.2 days. Based on an average daily volume of 3,006 shares, the short-interest ratio is currently 4.2 days. Approximately 1.9% of the shares of the stock are sold short.

Western Asset Bond ETF Trading Down 0.3%

Shares of WABF opened at $25.38 on Tuesday. Western Asset Bond ETF has a 52-week low of $24.31 and a 52-week high of $25.79. The company has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $25.40.

Western Asset Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.0438 dividend. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, February 2nd.

Institutional Trading of Western Asset Bond ETF

Several large investors have recently bought and sold shares of WABF. JPMorgan Chase & Co. grew its holdings in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares during the last quarter. Landmark Wealth Management LLC grew its stake in 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 valued at $3,506,000 after acquiring an additional 9,260 shares during the last quarter. Finally, Encompass More Asset Management grew its stake in 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 last quarter.

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.