Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Expands By 60.5%

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 66,600 shares, a growth of 60.5% from the September 30th total of 41,500 shares. Based on an average trading volume of 203,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

A number of large investors have recently added to or reduced their stakes in WDI. Hennion & Walsh Asset Management Inc. raised its holdings in Western Asset Diversified Income Fund by 30.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 155,808 shares of the company’s stock worth $2,251,000 after purchasing an additional 35,975 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Western Asset Diversified Income Fund by 12.1% during the first quarter. SeaCrest Wealth Management LLC now owns 13,247 shares of the company’s stock worth $191,000 after acquiring an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Western Asset Diversified Income Fund during the first quarter worth about $148,000. Advisors Asset Management Inc. grew its stake in shares of Western Asset Diversified Income Fund by 141.5% during the first quarter. Advisors Asset Management Inc. now owns 214,352 shares of the company’s stock worth $3,097,000 after acquiring an additional 125,582 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Western Asset Diversified Income Fund during the second quarter worth about $676,000.

Western Asset Diversified Income Fund Stock Performance

Shares of WDI stock traded down $0.28 on Tuesday, hitting $14.87. The stock had a trading volume of 350,588 shares, compared to its average volume of 213,754. The business has a 50 day moving average price of $15.45 and a 200 day moving average price of $14.92. Western Asset Diversified Income Fund has a one year low of $12.25 and a one year high of $15.84.

Western Asset Diversified Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a $0.1485 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.78 dividend on an annualized basis and a yield of 11.98%.