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

Western Asset Short Duration Income ETF (NASDAQ:WINC) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,300 shares, a growth of 18.2% from the August 31st total of 1,100 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Short Duration Income ETF Price Performance

Western Asset Short Duration Income ETF stock opened at $24.37 on Monday. The firm has a 50-day moving average of $24.17 and a two-hundred day moving average of $23.95. Western Asset Short Duration Income ETF has a 1 year low of $23.07 and a 1 year high of $24.37.

Western Asset Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.0855 per share. This represents a $1.03 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors 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 purchased a new position in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent 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.