Western Asset Premier Bond Fund (NYSE:WEA) Short Interest Update

Western Asset Premier Bond Fund (NYSE:WEA) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,900 shares, a growth of 98.0% from the February 28th total of 5,000 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is currently 0.4 days.

Western Asset Premier Bond Fund Stock Up 0.4 %

Shares of NYSE WEA traded up $0.04 during midday trading on Friday, reaching $10.96. The stock had a trading volume of 19,676 shares, compared to its average volume of 30,808. Western Asset Premier Bond Fund has a twelve month low of $10.40 and a twelve month high of $11.34. The company’s 50 day moving average price is $10.96 and its 200 day moving average price is $11.01.

Western Asset Premier Bond Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 7.6%.

Institutional Trading of Western Asset Premier Bond Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEA. Cetera Investment Advisers increased its holdings in shares of Western Asset Premier Bond Fund by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 67,958 shares of the investment management company’s stock valued at $732,000 after acquiring an additional 3,611 shares in the last quarter. Bank of America Corp DE raised its holdings in Western Asset Premier Bond Fund by 2.5% during the fourth quarter. Bank of America Corp DE now owns 108,230 shares of the investment management company’s stock worth $1,166,000 after buying an additional 2,634 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Premier Bond Fund in the 4th quarter worth about $1,668,000. Advisory Services Network LLC acquired a new position in Western Asset Premier Bond Fund during the 4th quarter valued at about $636,000. Finally, Invesco Ltd. increased its holdings in Western Asset Premier Bond Fund by 8.3% during the 4th quarter. Invesco Ltd. now owns 85,949 shares of the investment management company’s stock worth $926,000 after purchasing an additional 6,588 shares in the last quarter.

Western Asset Premier Bond Fund Company Profile

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.