Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Up 126.1% in January

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Western Asset Premier Bond Fund (NYSE:WEA) was the target of a significant increase in short interest in the month of January. As of January 29th, there was short interest totalling 15,600 shares, an increase of 126.1% from the January 14th total of 6,900 shares. Based on an average trading volume of 24,800 shares, the days-to-cover ratio is presently 0.6 days.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Western Asset Premier Bond Fund by 106.5% during the fourth quarter. Wells Fargo & Company MN now owns 148,107 shares of the investment management company’s stock worth $2,099,000 after acquiring an additional 76,400 shares during the period. Proequities Inc. increased its holdings in Western Asset Premier Bond Fund by 14.0% during the fourth quarter. Proequities Inc. now owns 18,626 shares of the investment management company’s stock valued at $264,000 after buying an additional 2,284 shares during the period. Kestra Advisory Services LLC purchased a new position in Western Asset Premier Bond Fund during the fourth quarter valued at approximately $4,682,000. FNY Investment Advisers LLC purchased a new position in Western Asset Premier Bond Fund during the fourth quarter valued at approximately $27,000. Finally, ProVise Management Group LLC increased its holdings in Western Asset Premier Bond Fund by 3.4% during the fourth quarter. ProVise Management Group LLC now owns 323,455 shares of the investment management company’s stock valued at $4,583,000 after buying an additional 10,663 shares during the period.

Shares of NYSE:WEA traded down $0.03 during trading on Friday, reaching $14.37. 34,336 shares of the company were exchanged, compared to its average volume of 27,851. The business’s fifty day simple moving average is $14.14 and its 200-day simple moving average is $13.69. Western Asset Premier Bond Fund has a 12-month low of $9.05 and a 12-month high of $14.89.

The business also recently announced a monthly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 19th will be given a dividend of $0.066 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, February 18th.

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.

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