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

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 4,500 shares, a drop of 75.5% from the January 31st total of 18,400 shares. Based on an average daily volume of 28,500 shares, the short-interest ratio is presently 0.2 days.

Western Asset Premier Bond Fund Price Performance

Shares of NYSE:WEA opened at $10.89 on Friday. The firm has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $11.03. Western Asset Premier Bond Fund has a one year low of $10.40 and a one year high of $11.34.

Western Asset Premier Bond Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.07 dividend. This is an increase from Western Asset Premier Bond Fund’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEA. Strategic Financial Concepts LLC bought a new position in Western Asset Premier Bond Fund in the 4th quarter valued at $115,000. PFG Investments LLC boosted its holdings in Western Asset Premier Bond Fund by 18.6% in the 4th quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,029 shares during the period. Benjamin Edwards Inc. bought a new position in Western Asset Premier Bond Fund in the 3rd quarter valued at $294,000. Commonwealth Equity Services LLC boosted its holdings in Western Asset Premier Bond Fund by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 1,133 shares during the period. Finally, Invictus Private Wealth LLC boosted its holdings in Western Asset Premier Bond Fund by 11.4% in the 3rd quarter. Invictus Private Wealth LLC now owns 48,818 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 5,009 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.