Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Update

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 103,428 shares, an increase of 47.7% from the March 15th total of 70,044 shares. Based on an average trading volume of 207,480 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its holdings in Western Asset Diversified Income Fund by 7.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,593 shares of the company’s stock worth $248,000 after buying an additional 1,170 shares during the period. Jane Street Group LLC boosted its holdings in Western Asset Diversified Income Fund by 8.8% in the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock worth $250,000 after buying an additional 1,393 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Western Asset Diversified Income Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,024 shares of the company’s stock worth $368,000 after buying an additional 1,558 shares during the period. AdvisorNet Financial Inc boosted its holdings in Western Asset Diversified Income Fund by 51.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock worth $75,000 after buying an additional 1,737 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Western Asset Diversified Income Fund by 12.5% in the 4th quarter. Osaic Holdings Inc. now owns 18,016 shares of the company’s stock worth $249,000 after buying an additional 2,000 shares during the period.

Western Asset Diversified Income Fund Trading Up 0.3%

Shares of WDI stock traded up $0.04 during mid-day trading on Wednesday, reaching $13.89. 244,216 shares of the company’s stock traded hands, compared to its average volume of 230,445. Western Asset Diversified Income Fund has a 12 month low of $12.91 and a 12 month high of $15.28. The firm has a 50 day moving average price of $13.71 and a two-hundred day moving average price of $14.04.

Western Asset Diversified Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.1485 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.