Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Update

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,866 shares, an increase of 163.4% from the June 15th total of 1,468 shares. Based on an average trading volume of 12,697 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund in the fourth quarter worth $14,335,000. Guggenheim Capital LLC grew its holdings in Western Asset Investment Grade Income Fund by 54.7% in the 4th quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock worth $2,340,000 after acquiring an additional 66,296 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in Western Asset Investment Grade Income Fund by 9.8% in the 4th quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock worth $8,897,000 after acquiring an additional 63,734 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Western Asset Investment Grade Income Fund by 469.6% in the 4th quarter. Wolverine Asset Management LLC now owns 53,564 shares of the financial services provider’s stock worth $668,000 after acquiring an additional 44,160 shares during the last quarter. Finally, Fiera Capital Corp increased its position in shares of Western Asset Investment Grade Income Fund by 44.0% in the fourth quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider’s stock valued at $1,663,000 after acquiring an additional 40,732 shares during the period. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

PAI opened at $12.07 on Tuesday. The stock’s 50 day simple moving average is $12.12 and its 200 day simple moving average is $12.32. Western Asset Investment Grade Income Fund has a 1 year low of $11.72 and a 1 year high of $13.20.

Western Asset Investment Grade Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.0525 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.