Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Sees Significant Increase in Short Interest

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 300 shares, a growth of 200.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is currently 0.0 days.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.3 %

Shares of Western Asset Investment Grade Defined Opportunity Trust stock traded up $0.06 during trading hours on Friday, hitting $17.26. The company’s stock had a trading volume of 14,330 shares, compared to its average volume of 25,783. Western Asset Investment Grade Defined Opportunity Trust has a 12 month low of $15.13 and a 12 month high of $18.30. The stock has a 50 day moving average of $17.76 and a 200 day moving average of $17.27.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.071 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.85 annualized dividend and a yield of 4.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IGI. Almitas Capital LLC bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter valued at approximately $3,575,000. Hara Capital LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 20.4% in the second quarter. Hara Capital LLC now owns 204,560 shares of the company’s stock valued at $3,494,000 after purchasing an additional 34,665 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 67.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 73,607 shares of the company’s stock worth $1,257,000 after purchasing an additional 29,585 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 4.6% during the second quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock worth $289,000 after purchasing an additional 745 shares during the last quarter. Finally, Karpus Management Inc. grew its position in Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% in the first quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock valued at $9,698,000 after purchasing an additional 541,068 shares in the last quarter.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.