Western Asset Short Duration Income ETF (NASDAQ:WINC) Sees Significant Growth in Short Interest

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, an increase of 100.0% from the February 28th total of 300 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in WINC. Jane Street Group LLC increased its holdings in Western Asset Short Duration Income ETF by 13.3% in the 4th quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock worth $360,000 after buying an additional 1,760 shares in the last quarter. Citadel Advisors LLC lifted its stake in Western Asset Short Duration Income ETF by 128.8% during the 4th quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after acquiring an additional 21,905 shares during the period. Encompass More Asset Management purchased a new stake in shares of Western Asset Short Duration Income ETF during the 3rd quarter valued at about $1,961,000. Finally, LPL Financial LLC grew its stake in shares of Western Asset Short Duration Income ETF by 1.6% in the fourth quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock worth $2,255,000 after acquiring an additional 1,506 shares during the period.

Western Asset Short Duration Income ETF Trading Down 0.0 %

Shares of Western Asset Short Duration Income ETF stock opened at $24.16 on Friday. Western Asset Short Duration Income ETF has a 1 year low of $23.65 and a 1 year high of $24.37. The firm’s 50-day moving average is $24.12 and its 200 day moving average is $24.10.

Western Asset Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.096 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Western Asset Short Duration Income ETF’s previous dividend of $0.08.

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.