Western Asset Bond ETF (NASDAQ:WABF) Short Interest Down 37.9% in July

Western Asset Bond ETF (NASDAQ:WABF) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,582 shares, a decline of 37.9% from the July 15th total of 4,159 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,395 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Western Asset Bond ETF

A number of large investors have recently bought and sold shares of WABF. Landmark Wealth Management LLC increased its holdings in Western Asset Bond ETF by 6.3% in the 4th 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 during the period. Encompass More Asset Management lifted its stake in Western Asset Bond ETF by 2.4% during the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after acquiring an additional 1,207 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Western Asset Bond ETF by 50.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after acquiring an additional 524 shares during the last quarter.

Western Asset Bond ETF Stock Up 0.1%

Shares of WABF opened at $24.56 on Tuesday. The stock has a 50-day moving average of $24.72 and a two-hundred day moving average of $25.06. Western Asset Bond ETF has a one year low of $24.41 and a one year high of $25.79.

Western Asset Bond ETF Dividend Announcement

The company 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. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, August 3rd.

About Western Asset Bond ETF

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.