Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Significant Decline in Short Interest

Posted by Ethan Ryder on Aug 28th, 2024

Western Asset Short Duration Income ETF (NASDAQ:WINC – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 800 shares, a drop of 72.4% from the July 31st total of 2,900 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Western Asset Short Duration Income ETF

An institutional investor recently bought a new position in Western Asset Short Duration Income ETF stock. Financial Advocates Investment Management bought a new position in Western Asset Short Duration Income ETF (NASDAQ:WINC – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,731 shares of the company’s stock, valued at approximately $208,000. Financial Advocates Investment Management owned approximately 1.75% of Western Asset Short Duration Income ETF as of its most recent SEC filing.

Western Asset Short Duration Income ETF Price Performance

Shares of Western Asset Short Duration Income ETF stock opened at $24.20 on Wednesday. Western Asset Short Duration Income ETF has a 52-week low of $23.07 and a 52-week high of $24.26. The business’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $23.89.

Western Asset Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were paid a $0.0927 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.11 annualized dividend and a yield of 4.60%.

Western Asset Short Duration Income ETF Company Profile

(Get Free Report)

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.