Short Interest in Western Asset Bond ETF (NASDAQ:WABF) Rises By 143.8%

Western Asset Bond ETF (NASDAQ:WABF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 3,900 shares, a growth of 143.8% from the September 30th total of 1,600 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 0.9 days.

Western Asset Bond ETF Stock Performance

Shares of NASDAQ:WABF traded down $0.01 during mid-day trading on Monday, reaching $25.60. 387 shares of the company were exchanged, compared to its average volume of 3,082. Western Asset Bond ETF has a 1 year low of $23.78 and a 1 year high of $26.64. The firm’s 50-day simple moving average is $26.22 and its 200 day simple moving average is $25.68.

Western Asset Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 4th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.105 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.26 dividend on an annualized basis and a yield of 4.92%.

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.