Western Asset Inflation-Linked Income Fund (NYSE:WIA – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,686 shares, a decline of 82.2% from the July 30th total of 37,655 shares. Based on an average daily volume of 15,919 shares, the short-interest ratio is currently 0.4 days.
Western Asset Inflation-Linked Income Fund Stock Performance
Shares of NYSE:WIA traded down $0.02 during trading on Wednesday, reaching $7.95. 30,169 shares of the company traded hands, compared to its average volume of 41,728. Western Asset Inflation-Linked Income Fund has a 52-week low of $7.90 and a 52-week high of $8.54. The business’s fifty day moving average is $8.02 and its 200-day moving average is $8.11.
Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund
Several institutional investors have recently added to or reduced their stakes in WIA. PenderFund Capital Management Ltd. purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the second quarter valued at about $8,389,000. Bank of America Corp DE purchased a new stake in shares of Western Asset Inflation-Linked Income Fund during the second quarter worth about $6,664,000. Capstone Investment Advisors LLC bought a new stake in shares of Western Asset Inflation-Linked Income Fund in the 2nd quarter worth approximately $3,887,000. Wakefield Asset Management LLLP boosted its holdings in Western Asset Inflation-Linked Income Fund by 176.3% in the fourth quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 201,873 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Western Asset Inflation-Linked Income Fund by 8.3% during the 1st quarter. Private Advisor Group LLC now owns 235,785 shares of the financial services provider’s stock valued at $1,905,000 after purchasing an additional 18,012 shares in the last quarter.
About Western Asset Inflation-Linked Income Fund
Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.
Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.
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