Western Asset Bond ETF (NASDAQ:WABF – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 27 shares, a decline of 87.1% from the August 15th total of 209 shares. Based on an average daily trading volume, of 4,431 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Trading of Western Asset Bond ETF
An institutional investor recently raised its stake in Western Asset Bond ETF stock. JPMorgan Chase & Co. grew its holdings in Western Asset Bond ETF (NASDAQ:WABF – Free Report) by 50.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,560 shares of the company’s stock after buying an additional 524 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Western Asset Bond ETF worth $39,000 at the end of the most recent quarter.
Western Asset Bond ETF Price Performance
Shares of WABF opened at $24.17 on Friday. The firm has a fifty day simple moving average of $24.55 and a two-hundred day simple moving average of $24.92. Western Asset Bond ETF has a twelve month low of $24.15 and a twelve month high of $25.79.
Western Asset Bond ETF Cuts Dividend
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. 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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