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

Western Asset Bond ETF (NASDAQ:WABF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 28,300 shares, a growth of 272.4% from the November 30th total of 7,600 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Investors Weigh In On Western Asset Bond ETF

An institutional investor recently raised its position in Western Asset Bond ETF stock. Franklin Resources Inc. raised its holdings in shares of Western Asset Bond ETF (NASDAQ:WABF) by 55.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700,000 shares of the company’s stock after purchasing an additional 250,000 shares during the quarter. Franklin Resources Inc. owned 43.75% of Western Asset Bond ETF worth $18,106,000 at the end of the most recent reporting period.

Western Asset Bond ETF Price Performance

Shares of WABF opened at $24.82 on Friday. The company’s fifty day simple moving average is $25.42 and its 200-day simple moving average is $25.76. Western Asset Bond ETF has a twelve month low of $24.78 and a twelve month high of $26.64.

Western Asset Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, December 13th were issued a $0.3373 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.