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

Posted by Maria Luz-Campos on Nov 15th, 2024

Western Asset Short Duration Income ETF (NASDAQ:WINC – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 200 shares, a decrease of 50.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Short Duration Income ETF Stock Performance

WINC stock opened at $23.98 on Friday. Western Asset Short Duration Income ETF has a 1 year low of $23.41 and a 1 year high of $24.37. The stock’s fifty day moving average price is $24.16 and its 200-day moving average price is $24.02.

Western Asset Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.098 dividend. This represents a $1.18 annualized dividend and a yield of 4.91%. This is a boost from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Friday, November 1st.

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. Encompass More Asset Management acquired a new position in Western Asset Short Duration Income ETF (NASDAQ:WINC – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 80,536 shares of the company’s stock, valued at approximately $1,961,000. Encompass More Asset Management owned about 16.11% of Western Asset Short Duration Income ETF at the end of the most recent quarter.

About Western Asset Short Duration Income ETF

(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.