Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Expands By 46.1%

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 119,800 shares, an increase of 46.1% from the July 15th total of 82,000 shares. Based on an average daily volume of 237,700 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. grew its stake in shares of Western Asset Diversified Income Fund by 20.9% in the second quarter. Wedbush Securities Inc. now owns 25,728 shares of the company’s stock worth $371,000 after acquiring an additional 4,440 shares during the period. Shaker Financial Services LLC purchased a new stake in Western Asset Diversified Income Fund in the second quarter worth approximately $573,000. Naviter Wealth LLC bought a new stake in Western Asset Diversified Income Fund in the 2nd quarter worth approximately $161,000. Consolidated Portfolio Review Corp raised its stake in Western Asset Diversified Income Fund by 57.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 149,057 shares of the company’s stock valued at $2,148,000 after buying an additional 54,645 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Western Asset Diversified Income Fund by 231.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 111,252 shares of the company’s stock valued at $1,603,000 after buying an additional 77,710 shares during the last quarter.

Western Asset Diversified Income Fund Stock Up 0.6 %

Shares of WDI stock traded up $0.09 during mid-day trading on Wednesday, hitting $15.26. The company’s stock had a trading volume of 303,665 shares, compared to its average volume of 217,490. Western Asset Diversified Income Fund has a 52-week low of $12.16 and a 52-week high of $15.36. The business has a 50-day moving average price of $14.77 and a 200 day moving average price of $14.52.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a $0.1485 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date is Thursday, November 21st.