Short Interest in Western Asset Diversified Income Fund (NYSE:WDI) Rises By 204.7%

Western Asset Diversified Income Fund (NYSE:WDI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 39,000 shares, a growth of 204.7% from the December 31st total of 12,800 shares. Based on an average daily volume of 220,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Western Asset Diversified Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp acquired a new position in shares of Western Asset Diversified Income Fund during the second quarter worth approximately $208,000. Sanctuary Advisors LLC acquired a new position in Western Asset Diversified Income Fund during the 2nd quarter valued at $764,000. SeaCrest Wealth Management LLC boosted its holdings in Western Asset Diversified Income Fund by 9.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 14,646 shares of the company’s stock valued at $230,000 after purchasing an additional 1,283 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Western Asset Diversified Income Fund by 7.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 207,780 shares of the company’s stock worth $3,258,000 after purchasing an additional 14,888 shares during the last quarter. Finally, PFG Investments LLC increased its holdings in shares of Western Asset Diversified Income Fund by 22.8% during the 3rd quarter. PFG Investments LLC now owns 19,650 shares of the company’s stock worth $308,000 after purchasing an additional 3,650 shares during the period.

Western Asset Diversified Income Fund Stock Performance

NYSE:WDI traded down $0.05 during midday trading on Wednesday, reaching $14.78. The stock had a trading volume of 118,777 shares, compared to its average volume of 179,527. Western Asset Diversified Income Fund has a 1-year low of $13.75 and a 1-year high of $15.84. The firm’s fifty day simple moving average is $14.68 and its 200-day simple moving average is $15.05.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be paid a $0.1485 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 12.06%.