Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Down 75.5% in February

Western Asset Premier Bond Fund (NYSE:WEA) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 4,500 shares, a decline 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 currently 0.2 days.

Western Asset Premier Bond Fund Price Performance

NYSE WEA opened at $10.87 on Friday. Western Asset Premier Bond Fund has a 1 year low of $10.40 and a 1 year high of $11.34. The stock’s fifty day moving average price is $10.91 and its 200 day moving average price is $11.03.

Western Asset Premier Bond Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Western Asset Premier Bond Fund’s previous dividend of $0.07.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

A number of institutional investors have recently added to or reduced their stakes in WEA. Private Advisor Group LLC lifted its position in Western Asset Premier Bond Fund by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 164,648 shares of the investment management company’s stock worth $1,773,000 after buying an additional 6,784 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Western Asset Premier Bond Fund during the 4th quarter worth about $115,000. Consolidated Portfolio Review Corp lifted its position in Western Asset Premier Bond Fund by 1.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 214,828 shares of the investment management company’s stock valued at $2,314,000 after acquiring an additional 2,298 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Western Asset Premier Bond Fund by 18.6% in the 4th quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock valued at $140,000 after acquiring an additional 2,029 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in 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 worth $1,121,000 after acquiring an additional 72,768 shares during the period.

Western Asset Premier Bond Fund Company Profile

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.