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

Western Asset Premier Bond Fund (NYSE:WEA) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,900 shares, an increase of 98.0% from the February 28th total of 5,000 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is presently 0.4 days.

Western Asset Premier Bond Fund Trading Up 0.4 %

Shares of NYSE:WEA traded up $0.04 during midday trading on Friday, hitting $10.96. The company had a trading volume of 19,676 shares, compared to its average volume of 30,808. The company has a fifty day moving average of $10.96 and a two-hundred day moving average of $11.01. Western Asset Premier Bond Fund has a 12-month low of $10.40 and a 12-month high of $11.34.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.07 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new position in shares of Western Asset Premier Bond Fund in the fourth quarter worth approximately $115,000. PFG Investments LLC raised its holdings in Western Asset Premier Bond Fund by 18.6% during the fourth 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. Benjamin Edwards Inc. bought a new stake in Western Asset Premier Bond Fund during the third quarter valued at about $294,000. Commonwealth Equity Services LLC boosted its stake in shares of Western Asset Premier Bond Fund by 4.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock worth $313,000 after acquiring an additional 1,133 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Western Asset Premier Bond Fund in the fourth quarter worth about $636,000.

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.