Western Asset Total Return ETF (NASDAQ:WBND) Sees Significant Decline in Short Interest

Western Asset Total Return ETF (NASDAQ:WBNDGet Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 100 shares, a decrease of 83.3% from the September 15th total of 600 shares. Based on an average daily volume of 19,500 shares, the short-interest ratio is currently 0.0 days.

Western Asset Total Return ETF Stock Performance

Shares of WBND traded down $0.05 during mid-day trading on Thursday, reaching $20.25. 2,567 shares of the company’s stock were exchanged, compared to its average volume of 15,566. The business’s fifty day simple moving average is $20.66 and its 200-day simple moving average is $20.18. Western Asset Total Return ETF has a 52-week low of $18.71 and a 52-week high of $20.98.

Western Asset Total Return ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 4th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This is a positive change from Western Asset Total Return ETF’s previous monthly dividend of $0.09. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.00%.

Hedge Funds Weigh In On Western Asset Total Return ETF

A number of hedge funds have recently modified their holdings of WBND. Bank of New York Mellon Corp grew its position in shares of Western Asset Total Return ETF by 22.4% during the second quarter. Bank of New York Mellon Corp now owns 174,383 shares of the company’s stock worth $3,477,000 after acquiring an additional 31,898 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Western Asset Total Return ETF by 0.5% during the first quarter. Atria Investments Inc now owns 232,120 shares of the company’s stock worth $4,682,000 after purchasing an additional 1,133 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Western Asset Total Return ETF during the second quarter worth $10,478,000.

About Western Asset Total Return ETF

(Get Free Report)

The Western Asset Total Return ETF (WBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of fixed income securities from any geography with any credit rating. WBND was launched on Oct 3, 2018 and is managed by Franklin Templeton.

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