Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Large Increase in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 800 shares, an increase of 700.0% from the November 15th total of 100 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Western Asset Short Duration Income ETF

A hedge fund recently bought a new stake in Western Asset Short Duration Income ETF stock. Encompass More Asset Management acquired a new position in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 80,536 shares of the company’s stock, valued at approximately $1,961,000. Encompass More Asset Management owned 16.11% of Western Asset Short Duration Income ETF at the end of the most recent quarter.

Western Asset Short Duration Income ETF Stock Up 0.0 %

NASDAQ WINC traded up $0.01 during mid-day trading on Wednesday, reaching $24.08. 1,266 shares of the stock were exchanged, compared to its average volume of 3,654. Western Asset Short Duration Income ETF has a 1-year low of $23.57 and a 1-year high of $24.37. The business’s fifty day simple moving average is $24.07 and its 200 day simple moving average is $24.05.

Western Asset Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.098 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09.

Western Asset Short Duration Income ETF Company Profile

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.