Western Asset Diversified Income Fund (NYSE:WDI) Sees Large Increase in Short Interest

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a significant increase in short interest in 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 trading volume of 203,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in Western Asset Diversified Income Fund during the 1st quarter worth about $148,000. Naviter Wealth LLC acquired a new position in shares of Western Asset Diversified Income Fund during the 2nd quarter worth about $161,000. SeaCrest Wealth Management LLC boosted its position 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 valued at $191,000 after purchasing an additional 1,435 shares during the period. Truist Financial Corp acquired a new stake in shares of Western Asset Diversified Income Fund in the 2nd quarter valued at about $208,000. Finally, PFG Investments LLC boosted its position in shares of Western Asset Diversified Income Fund by 22.8% in the 3rd quarter. PFG Investments LLC now owns 19,650 shares of the company’s stock valued at $308,000 after purchasing an additional 3,650 shares during the period.

Western Asset Diversified Income Fund Stock Performance

Shares of NYSE WDI traded up $0.04 during midday trading on Friday, hitting $15.29. The stock had a trading volume of 171,160 shares, compared to its average volume of 212,988. The stock has a 50 day simple moving average of $15.47 and a 200-day simple moving average of $14.90. Western Asset Diversified Income Fund has a 1 year low of $12.16 and a 1 year high of $15.84.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.1485 per share. This represents a $1.78 dividend on an annualized basis and a yield of 11.65%. The ex-dividend date is Thursday, November 21st.