Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Large Drop in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a drop of 50.0% from the February 13th total of 600 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Western Asset Short Duration Income ETF Price Performance

Shares of NASDAQ:WINC opened at $24.14 on Friday. The stock’s 50 day moving average price is $24.09 and its 200 day moving average price is $24.10. Western Asset Short Duration Income ETF has a 12 month low of $23.65 and a 12 month high of $24.37.

Western Asset Short Duration Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.096 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Western Asset Short Duration Income ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WINC. LPL Financial LLC raised its position in Western Asset Short Duration Income ETF by 1.6% in the fourth quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock worth $2,255,000 after acquiring an additional 1,506 shares in the last quarter. Encompass More Asset Management boosted its position in shares of Western Asset Short Duration Income ETF by 12.6% during the 4th quarter. Encompass More Asset Management now owns 90,654 shares of the company’s stock valued at $2,170,000 after purchasing an additional 10,118 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Western Asset Short Duration Income ETF by 128.8% in the 4th quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock worth $932,000 after purchasing an additional 21,905 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Western Asset Short Duration Income ETF by 13.3% in the 4th quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock worth $360,000 after purchasing an additional 1,760 shares in the last quarter.

About Western Asset Short Duration Income ETF

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.