Western Asset Short Duration Income ETF (NASDAQ:WINC) Short Interest Update

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,800 shares, an increase of 38.5% from the September 15th total of 1,300 shares. Based on an average trading volume of 4,600 shares, the short-interest ratio is presently 0.4 days.

Western Asset Short Duration Income ETF Trading Up 0.4 %

Shares of NASDAQ:WINC opened at $24.22 on Friday. The company’s 50-day moving average price is $24.20 and its 200 day moving average price is $23.98. Western Asset Short Duration Income ETF has a fifty-two week low of $23.07 and a fifty-two week high of $24.37.

Western Asset Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 4th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.102 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Tuesday, October 1st. This is a boost from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Western Asset Short Duration Income ETF

A hedge fund recently bought a new stake in Western Asset Short Duration Income ETF stock. Financial Advocates Investment Management purchased a new position in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,731 shares of the company’s stock, valued at approximately $208,000. Financial Advocates Investment Management owned 1.75% of Western Asset Short Duration Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.