Western Asset Diversified Income Fund (NYSE:WDI) Short Interest Up 60.5% in October

Western Asset Diversified Income Fund (NYSE:WDI) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 66,600 shares, an increase of 60.5% from the September 30th total of 41,500 shares. Based on an average daily trading volume, of 203,300 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Western Asset Diversified Income Fund by 30.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 155,808 shares of the company’s stock valued at $2,251,000 after acquiring an additional 35,975 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Western Asset Diversified Income Fund by 12.1% in the 1st quarter. SeaCrest Wealth Management LLC now owns 13,247 shares of the company’s stock worth $191,000 after purchasing an additional 1,435 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Western Asset Diversified Income Fund during the 1st quarter valued at approximately $148,000. Advisors Asset Management Inc. raised its holdings in Western Asset Diversified Income Fund by 141.5% during the 1st quarter. Advisors Asset Management Inc. now owns 214,352 shares of the company’s stock valued at $3,097,000 after buying an additional 125,582 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in Western Asset Diversified Income Fund in the second quarter worth $676,000.

Western Asset Diversified Income Fund Stock Down 1.8 %

Shares of WDI traded down $0.28 during mid-day trading on Tuesday, hitting $14.87. 350,588 shares of the stock were exchanged, compared to its average volume of 213,754. Western Asset Diversified Income Fund has a 52-week low of $12.25 and a 52-week high of $15.84. The firm has a 50-day moving average of $15.47 and a two-hundred day moving average of $14.91.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.1485 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.78 annualized dividend and a yield of 11.98%.