WBND Stock Summary and Trading Ideas (Western Asset Total Return ETF | NASDAQ:WBND)

The Western Asset Total Return ETF is an actively managed strategy that seeks to maximize total return consistent with prudent investment management and liquidity needs. The fund will seek its investment objective by investing at least 80% of its assets in a portfolio comprised of fixed income securities, debt instruments, derivatives, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments ( work out securities ), non-convertible preferred securities, warrants, cash and cash equivalents, foreign currencies, and exchange-traded funds ( ETFs ) that provide exposure to these investments ( Principal Investments ). Debt instruments include loans and similar debt instruments. However, at the fund s inception, the fund expects to invest principally in the Principal Investments except for work out securities, non-convertible preferred stock and warrants.

Western Asset Total Return ETF trades on the NASDAQ stock market under the symbol WBND.

As of May 10, 2024, WBND stock price declined to $19.77 with 3,348 million shares trading.

WBND has a market cap of $37.55 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WBND stock traded as high as $27.49 and as low as $18.64.

WBND has underperformed the market in the last year with a price return of -0.6% while the SPY ETF gained +27.8%. WBND has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.6% and +1.6%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

WBND support price is $19.73 and resistance is $19.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WBND stock will trade within this expected range on the day.