Short Interest in Western Asset Inflation-Linked Income Fund (NYSE:WIA) Decreases By 70.1%
by Kim Johansen · The Markets DailyWestern Asset Inflation-Linked Income Fund (NYSE:WIA – Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 7,398 shares, a drop of 70.1% from the November 30th total of 24,760 shares. Based on an average daily volume of 79,131 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 79,131 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in Western Asset Inflation-Linked Income Fund in the third quarter worth $59,000. Readystate Asset Management LP acquired a new position in Western Asset Inflation-Linked Income Fund during the 3rd quarter worth about $115,000. Elevation Point Wealth Partners LLC bought a new stake in Western Asset Inflation-Linked Income Fund during the 3rd quarter worth about $138,000. Uhlmann Price Securities LLC increased its position in Western Asset Inflation-Linked Income Fund by 11.8% in the 3rd quarter. Uhlmann Price Securities LLC now owns 18,319 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,933 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in Western Asset Inflation-Linked Income Fund in the 2nd quarter valued at about $202,000.
Western Asset Inflation-Linked Income Fund Stock Performance
Shares of NYSE WIA traded up $0.03 during trading hours on Friday, reaching $8.25. The stock had a trading volume of 76,712 shares, compared to its average volume of 39,410. Western Asset Inflation-Linked Income Fund has a twelve month low of $7.93 and a twelve month high of $8.54. The business’s fifty day moving average is $8.34 and its two-hundred day moving average is $8.36.
Western Asset Inflation-Linked Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, February 20th.
Western Asset Inflation-Linked Income Fund Company Profile
Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.
Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.