Short Interest in Western Asset Premier Bond Fund (NYSE:WEA) Grows By 243.0%
by Renee Jackson · The Cerbat GemWestern Asset Premier Bond Fund (NYSE:WEA – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 52,348 shares, an increase of 243.0% from the December 31st total of 15,264 shares. Based on an average trading volume of 28,483 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 28,483 shares, the days-to-cover ratio is currently 1.8 days.
Hedge Funds Weigh In On Western Asset Premier Bond Fund
Institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in shares of Western Asset Premier Bond Fund in the 2nd quarter worth approximately $99,000. Smith Asset Management Co. LLC boosted its holdings in shares of Western Asset Premier Bond Fund by 8.9% during the third quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 1,108 shares during the period. PFG Investments LLC grew its position in shares of Western Asset Premier Bond Fund by 25.1% during the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock worth $169,000 after acquiring an additional 3,023 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Western Asset Premier Bond Fund in the 3rd quarter worth about $266,000. Finally, Advisory Services Network LLC lifted its position in Western Asset Premier Bond Fund by 12.4% in the 2nd quarter. Advisory Services Network LLC now owns 73,043 shares of the investment management company’s stock valued at $791,000 after purchasing an additional 8,067 shares during the last quarter.
Western Asset Premier Bond Fund Stock Performance
WEA traded up $0.00 during trading hours on Friday, hitting $11.05. 29,901 shares of the stock were exchanged, compared to its average volume of 29,780. The stock has a 50-day simple moving average of $11.09 and a 200-day simple moving average of $11.06. Western Asset Premier Bond Fund has a 12 month low of $10.16 and a 12 month high of $11.44.
Western Asset Premier Bond Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 7.6%.
Western Asset Premier Bond Fund Company Profile
Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.
The fund’s investment strategy emphasizes active security selection and broad diversification.