Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Grows By 204.7%

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 39,000 shares, a growth of 204.7% from the December 31st total of 12,800 shares. Based on an average daily trading volume, of 220,700 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Diversified Income Fund Price Performance

Shares of NYSE:WDI traded down $0.05 during midday trading on Wednesday, reaching $14.78. 118,777 shares of the company’s stock were exchanged, compared to its average volume of 179,527. The company’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $15.05. Western Asset Diversified Income Fund has a 12 month low of $13.75 and a 12 month high of $15.84.

Western Asset Diversified Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be issued a dividend of $0.1485 per share. This represents a $1.78 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date is Friday, February 21st.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Several large investors have recently modified their holdings of WDI. Farther Finance Advisors LLC acquired a new stake in Western Asset Diversified Income Fund in the 3rd quarter valued at $63,000. Truist Financial Corp bought a new position in Western Asset Diversified Income Fund during the 2nd quarter valued at about $208,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Western Asset Diversified Income Fund by 9.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 14,646 shares of the company’s stock worth $230,000 after acquiring an additional 1,283 shares in the last quarter. Virtu Financial LLC bought a new stake in Western Asset Diversified Income Fund during the 3rd quarter worth approximately $289,000. Finally, PFG Investments LLC increased its holdings in Western Asset Diversified Income Fund by 22.8% during the 3rd quarter. PFG Investments LLC now owns 19,650 shares of the company’s stock valued at $308,000 after purchasing an additional 3,650 shares in the last quarter.