Western Asset Diversified Income Fund (NYSE:WDI) Sees Significant Drop in Short Interest

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 100,100 shares, a drop of 40.2% from the February 13th total of 167,400 shares. Based on an average daily volume of 206,600 shares, the short-interest ratio is presently 0.5 days.

Western Asset Diversified Income Fund Price Performance

Shares of NYSE:WDI opened at $14.53 on Monday. The firm has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $15.02. Western Asset Diversified Income Fund has a one year low of $13.75 and a one year high of $15.84.

Western Asset Diversified Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.1485 dividend. This represents a $1.78 annualized dividend and a yield of 12.27%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Western Asset Diversified Income Fund

A number of hedge funds have recently made changes to their positions in WDI. Thrivent Financial for Lutherans bought a new stake in shares of Western Asset Diversified Income Fund during the 3rd quarter worth $389,000. Advisors Asset Management Inc. lifted its holdings in shares of Western Asset Diversified Income Fund by 26.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 410,530 shares of the company’s stock worth $6,437,000 after acquiring an additional 86,602 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Western Asset Diversified Income Fund by 15.9% during the 3rd quarter. Penserra Capital Management LLC now owns 1,097,616 shares of the company’s stock worth $17,210,000 after acquiring an additional 150,948 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Western Asset Diversified Income Fund during the 3rd quarter worth $289,000. Finally, Sanctuary Advisors LLC lifted its stake in Western Asset Diversified Income Fund by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 56,011 shares of the company’s stock worth $828,000 after purchasing an additional 1,925 shares during the last quarter.