Western Asset Premier Bond Fund (NYSE:WEA) Sees Significant Decline in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decline of 22.7% from the November 30th total of 11,900 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is presently 0.3 days.

Western Asset Premier Bond Fund Trading Down 0.9 %

Shares of NYSE:WEA opened at $10.78 on Friday. Western Asset Premier Bond Fund has a twelve month low of $10.40 and a twelve month high of $11.34. The company’s 50 day moving average is $11.01 and its 200 day moving average is $10.96.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 7.79%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds have recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp lifted its holdings in shares of Western Asset Premier Bond Fund by 62.5% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 205,204 shares of the investment management company’s stock valued at $2,153,000 after buying an additional 78,895 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Western Asset Premier Bond Fund during the third quarter valued at approximately $354,000. Private Advisor Group LLC lifted its holdings in Western Asset Premier Bond Fund by 24.1% in the third quarter. Private Advisor Group LLC now owns 157,864 shares of the investment management company’s stock valued at $1,781,000 after acquiring an additional 30,613 shares during the period. Benjamin Edwards Inc. purchased a new stake in Western Asset Premier Bond Fund in the 3rd quarter worth approximately $294,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Western Asset Premier Bond Fund by 46.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 61,523 shares of the investment management company’s stock worth $694,000 after purchasing an additional 19,452 shares during the period.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.