Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Rises By 96.3%

Western Asset Diversified Income Fund (NYSE:WDI – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 122,013 shares, an increase of 96.3% from the June 30th total of 62,157 shares. Based on an average daily volume of 160,834 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. &PARTNERS bought a new stake in Western Asset Diversified Income Fund during the fourth quarter valued at about $3,105,000. Readystate Asset Management LP bought a new position in shares of Western Asset Diversified Income Fund in the fourth quarter worth about $2,907,000. Sit Investment Associates Inc. bought a new position in shares of Western Asset Diversified Income Fund in the fourth quarter worth about $2,647,000. Shaker Financial Services LLC acquired a new position in shares of Western Asset Diversified Income Fund during the 4th quarter worth about $1,859,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Western Asset Diversified Income Fund during the 4th quarter worth about $1,226,000.

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Western Asset Diversified Income Fund Stock Performance

Shares of Western Asset Diversified Income Fund stock opened at $12.95 on Thursday. The firm has a fifty day simple moving average of $13.48 and a 200-day simple moving average of $13.64. Western Asset Diversified Income Fund has a 1-year low of $12.91 and a 1-year high of $15.28.

Western Asset Diversified Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.1485 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Monday, August 24th.

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.

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