Western Asset Premier Bond Fund (NYSE:WEA) Sees Significant Drop in Short Interest

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 4,500 shares, a decrease of 75.5% from the January 31st total of 18,400 shares. Based on an average trading volume of 28,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WEA. Whipplewood Advisors LLC bought a new position in shares of Western Asset Premier Bond Fund during the 4th quarter valued at approximately $2,753,000. Raymond James Financial Inc. bought a new position in shares of Western Asset Premier Bond Fund during the 4th quarter valued at approximately $1,668,000. StoneX Group Inc. bought a new position in shares of Western Asset Premier Bond Fund during the 4th quarter valued at approximately $872,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Western Asset Premier Bond Fund by 232.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock valued at $1,121,000 after acquiring an additional 72,768 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Western Asset Premier Bond Fund during the 4th quarter valued at approximately $636,000.

Western Asset Premier Bond Fund Price Performance

Western Asset Premier Bond Fund stock opened at $10.89 on Friday. Western Asset Premier Bond Fund has a twelve month low of $10.40 and a twelve month high of $11.34. The firm has a 50 day moving average price of $10.91 and a 200-day moving average price of $11.03.

Western Asset Premier Bond Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a dividend of $0.07 per share. This is an increase from Western Asset Premier Bond Fund’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

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.