Western Asset Bond ETF (NASDAQ:WABF) Short Interest Up 272.4% in December

Western Asset Bond ETF (NASDAQ:WABF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 28,300 shares, a growth of 272.4% from the November 30th total of 7,600 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 6.6 days.

Western Asset Bond ETF Stock Performance

Shares of NASDAQ:WABF opened at $24.83 on Thursday. Western Asset Bond ETF has a 12-month low of $24.78 and a 12-month high of $26.64. The company’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $25.77.

Western Asset Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, December 13th were issued a $0.3373 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On Western Asset Bond ETF

A hedge fund recently raised its stake in Western Asset Bond ETF stock. Franklin Resources Inc. boosted its stake in Western Asset Bond ETF (NASDAQ:WABF) by 55.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. Franklin Resources Inc. owned about 43.75% of Western Asset Bond ETF worth $18,106,000 at the end of the most recent quarter.

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.