Short Interest in Western Asset Premier Bond Fund (NYSE:WEA) Drops By 22.7%

Western Asset Premier Bond Fund (NYSE:WEA) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decline of 22.7% from the November 30th total of 11,900 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.3 days.

Western Asset Premier Bond Fund Stock Performance

Shares of WEA traded down $0.10 during trading hours on Friday, hitting $10.78. 25,366 shares of the company were exchanged, compared to its average volume of 36,941. The firm’s 50 day moving average is $11.01 and its 200-day moving average is $10.96. Western Asset Premier Bond Fund has a 52 week low of $10.40 and a 52 week high of $11.34.

Western Asset Premier Bond Fund Dividend Announcement

The company 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 $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date is Friday, February 21st.

Institutional Trading of Western Asset Premier Bond Fund

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Western Asset Premier Bond Fund by 2.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,200 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Western Asset Premier Bond Fund during the 3rd quarter worth about $294,000. Insight Wealth Partners LLC raised its position in shares of Western Asset Premier Bond Fund by 1.8% during the third quarter. Insight Wealth Partners LLC now owns 84,295 shares of the investment management company’s stock valued at $951,000 after buying an additional 1,451 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Western Asset Premier Bond Fund by 46.2% in the third quarter. Wolverine Asset Management LLC now owns 61,523 shares of the investment management company’s stock valued at $694,000 after buying an additional 19,452 shares during the period. Finally, Fiera Capital Corp grew its position in Western Asset Premier Bond Fund by 1.8% during the third quarter. Fiera Capital Corp now owns 152,479 shares of the investment management company’s stock worth $1,720,000 after buying an additional 2,752 shares in the last quarter.

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.