Western Asset Inflation-Linked Income Fund (NYSE:WIA) Sees Large Increase in Short Interest

Western Asset Inflation-Linked Income Fund (NYSE:WIA) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 5,712 shares, a growth of 126.8% from the February 26th total of 2,519 shares. Based on an average daily trading volume, of 67,415 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

Several large investors have recently modified their holdings of the stock. Karpus Management Inc. raised its holdings in shares of Western Asset Inflation-Linked Income Fund by 3.5% in the 2nd quarter. Karpus Management Inc. now owns 8,077,278 shares of the financial services provider’s stock worth $67,849,000 after purchasing an additional 271,923 shares during the period. Wakefield Asset Management LLLP grew its holdings in Western Asset Inflation-Linked Income Fund by 176.3% during the fourth quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock valued at $2,616,000 after purchasing an additional 201,873 shares during the period. Guggenheim Capital LLC grew its holdings in Western Asset Inflation-Linked Income Fund by 23.3% during the second quarter. Guggenheim Capital LLC now owns 527,399 shares of the financial services provider’s stock valued at $4,430,000 after purchasing an additional 99,574 shares during the period. Private Advisor Group LLC purchased a new stake in Western Asset Inflation-Linked Income Fund in the third quarter worth $476,000. Finally, Alpine Global Management LLC purchased a new stake in Western Asset Inflation-Linked Income Fund in the third quarter worth $458,000.

Western Asset Inflation-Linked Income Fund Price Performance

WIA traded down $0.01 during trading on Thursday, hitting $7.99. 23,462 shares of the company traded hands, compared to its average volume of 47,586. Western Asset Inflation-Linked Income Fund has a one year low of $7.97 and a one year high of $8.54. The stock’s fifty day moving average is $8.24 and its 200 day moving average is $8.31.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.052 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, May 21st.

Western Asset Inflation-Linked Income Fund Company Profile

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.