Western Asset Bond ETF (NASDAQ:WABF) Sees Significant Drop in Short Interest

Western Asset Bond ETF (NASDAQ:WABF – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 209 shares, a decline of 91.9% from the July 30th total of 2,582 shares. Based on an average daily volume of 3,957 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WABF. Wilson & Boucher Capital Management LLC purchased a new position in Western Asset Bond ETF during the second quarter valued at $120,000. Landmark Wealth Management LLC lifted its position in shares of Western Asset Bond ETF by 6.3% in the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after buying an additional 8,612 shares in the last quarter. Encompass More Asset Management boosted its stake in 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 valued at $1,292,000 after buying an additional 1,207 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after buying an additional 524 shares in the last quarter.

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Western Asset Bond ETF Price Performance

WABF traded down $0.01 during mid-day trading on Thursday, reaching $24.61. 963 shares of the company traded hands, compared to its average volume of 1,832. The company’s fifty day moving average price is $24.67 and its 200-day moving average price is $25.02. Western Asset Bond ETF has a 52-week low of $24.41 and a 52-week high of $25.79.

Western Asset Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1201 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.9%.

Western Asset Bond ETF Company Profile

(Get Free Report)

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.

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