Western Asset Short Duration Income ETF (NASDAQ:WINC) Short Interest Down 77.8% in October

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 400 shares, a decline of 77.8% from the September 30th total of 1,800 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 0.1 days.

Western Asset Short Duration Income ETF Price Performance

NASDAQ:WINC traded up $0.03 during mid-day trading on Friday, hitting $24.11. 1,437 shares of the company’s stock traded hands, compared to its average volume of 3,840. Western Asset Short Duration Income ETF has a 12 month low of $23.27 and a 12 month high of $24.37. The firm has a 50 day moving average of $24.21 and a two-hundred day moving average of $23.99.

Western Asset Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 4th. Investors of record on Tuesday, October 1st were paid a dividend of $0.102 per share. The ex-dividend date was Tuesday, October 1st. This is a boost from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.08%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Asset Short Duration Income ETF stock. Financial Advocates Investment Management bought a new position in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,731 shares of the company’s stock, valued at approximately $208,000. Financial Advocates Investment Management owned approximately 1.75% of Western Asset Short Duration Income ETF as of its most recent filing with the Securities and Exchange Commission.

About Western Asset Short Duration Income ETF

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.