Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Decreases By 19.0%

Western Asset Diversified Income Fund (NYSE:WDI) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 12,800 shares, a decline of 19.0% from the November 30th total of 15,800 shares. Based on an average trading volume of 212,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC grew its holdings in Western Asset Diversified Income Fund by 15.9% during the 3rd quarter. Penserra Capital Management LLC now owns 1,097,616 shares of the company’s stock valued at $17,210,000 after buying an additional 150,948 shares in the last quarter. Advisors Asset Management Inc. raised its position in Western Asset Diversified Income Fund by 26.7% during the third quarter. Advisors Asset Management Inc. now owns 410,530 shares of the company’s stock valued at $6,437,000 after purchasing an additional 86,602 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Western Asset Diversified Income Fund by 231.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 111,252 shares of the company’s stock valued at $1,603,000 after purchasing an additional 77,710 shares during the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of Western Asset Diversified Income Fund by 57.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 149,057 shares of the company’s stock worth $2,148,000 after purchasing an additional 54,645 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Western Asset Diversified Income Fund during the 2nd quarter valued at approximately $764,000.

Western Asset Diversified Income Fund Stock Up 0.4 %

Shares of WDI traded up $0.05 during trading hours on Tuesday, reaching $14.25. 303,730 shares of the stock traded hands, compared to its average volume of 217,783. Western Asset Diversified Income Fund has a 52-week low of $13.75 and a 52-week high of $15.84. The company’s 50-day moving average price is $14.83 and its two-hundred day moving average price is $15.05.

Western Asset Diversified Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.1485 per share. This represents a $1.78 annualized dividend and a dividend yield of 12.51%. The ex-dividend date of this dividend is Friday, January 24th.