Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Large Drop in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 50.0% from the February 13th total of 600 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Western Asset Short Duration Income ETF Stock Performance

WINC stock opened at $24.14 on Friday. Western Asset Short Duration Income ETF has a twelve month low of $23.65 and a twelve month high of $24.37. The business has a fifty day moving average of $24.09 and a 200-day moving average of $24.10.

Western Asset Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.096 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Western Asset Short Duration Income ETF’s previous dividend of $0.08.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in WINC. LPL Financial LLC grew its stake in shares of Western Asset Short Duration Income ETF by 1.6% during the fourth quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock worth $2,255,000 after purchasing an additional 1,506 shares during the period. Jane Street Group LLC grew its stake in shares of Western Asset Short Duration Income ETF by 13.3% during the fourth quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock worth $360,000 after purchasing an additional 1,760 shares during the period. Encompass More Asset Management grew its stake in shares of Western Asset Short Duration Income ETF by 12.6% during the fourth quarter. Encompass More Asset Management now owns 90,654 shares of the company’s stock worth $2,170,000 after purchasing an additional 10,118 shares during the period. Finally, Citadel Advisors LLC grew its stake in Western Asset Short Duration Income ETF by 128.8% in the fourth quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after acquiring an additional 21,905 shares during the period.

Western Asset Short Duration Income ETF Company Profile

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.