Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Update

Western Asset Premier Bond Fund (NYSE:WEA) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decline of 22.7% from the November 30th total of 11,900 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 0.3 days.

Western Asset Premier Bond Fund Price Performance

NYSE:WEA traded down $0.10 during trading hours on Friday, hitting $10.78. 25,366 shares of the stock traded hands, compared to its average volume of 36,941. The firm has a 50 day moving average price of $11.01 and a 200 day moving average price of $10.96. Western Asset Premier Bond Fund has a fifty-two week low of $10.40 and a fifty-two week high of $11.34.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 7.79%. The ex-dividend date is Friday, February 21st.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Western Asset Premier Bond Fund by 12.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 24,200 shares of the investment management company’s stock valued at $254,000 after buying an additional 2,592 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Western Asset Premier Bond Fund during the third quarter worth $294,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Western Asset Premier Bond Fund during the third quarter worth $354,000. Invictus Private Wealth LLC boosted its position in Western Asset Premier Bond Fund by 11.4% during the third quarter. Invictus Private Wealth LLC now owns 48,818 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 5,009 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Western Asset Premier Bond Fund by 2.1% in the third quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,200 shares in the last quarter.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.