Western Asset Inflation-Linked Income Fund (NYSE:WIA) Short Interest Update
by Jessica Moore · The Cerbat GemWestern Asset Inflation-Linked Income Fund (NYSE:WIA – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,338 shares, a drop of 67.8% from the April 15th total of 13,481 shares. Based on an average daily volume of 68,765 shares, the days-to-cover ratio is presently 0.1 days.
Western Asset Inflation-Linked Income Fund Stock Performance
Shares of Western Asset Inflation-Linked Income Fund stock traded down $0.04 during trading hours on Friday, reaching $8.14. The stock had a trading volume of 9,918 shares, compared to its average volume of 47,097. The firm has a 50 day simple moving average of $8.12 and a two-hundred day simple moving average of $8.24. Western Asset Inflation-Linked Income Fund has a 1 year low of $7.95 and a 1 year high of $8.54.
Western Asset Inflation-Linked Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.052 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, May 21st.
Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund
Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth about $59,000. &PARTNERS purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 4th quarter worth about $85,000. Readystate Asset Management LP purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth about $115,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth about $138,000. Finally, Uhlmann Price Securities LLC raised its holdings in shares of Western Asset Inflation-Linked Income Fund by 11.8% in the 3rd quarter. Uhlmann Price Securities LLC now owns 18,319 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,933 shares during the period.
About Western Asset Inflation-Linked Income Fund
Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.
Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.