Short Interest in Western Asset Short Duration Income ETF (NASDAQ:WINC) Declines By 90.9%

Western Asset Short Duration Income ETF (NASDAQ:WINC) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 300 shares, a decrease of 90.9% from the December 31st total of 3,300 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.1 days.

Western Asset Short Duration Income ETF Stock Up 0.1 %

Shares of WINC opened at $24.16 on Friday. The company has a 50 day moving average price of $24.02 and a 200-day moving average price of $24.09. Western Asset Short Duration Income ETF has a fifty-two week low of $23.65 and a fifty-two week high of $24.37.

Western Asset Short Duration Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 26th were given a $0.114 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Western Asset Short Duration Income ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Western Asset Short Duration Income ETF

An institutional investor recently raised its position in Western Asset Short Duration Income ETF stock. Encompass More Asset Management lifted its holdings in Western Asset Short Duration Income ETF (NASDAQ:WINC) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,654 shares of the company’s stock after purchasing an additional 10,118 shares during the period. Encompass More Asset Management owned about 18.13% of Western Asset Short Duration Income ETF worth $2,170,000 at the end of the most recent quarter.

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.