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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,181 shares, a decrease of 48.7% from the June 15th total of 8,153 shares. Based on an average trading volume of 11,103 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after acquiring an additional 297,365 shares during the period. 1607 Capital Partners LLC increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after acquiring an additional 54,899 shares during the period. UBS Group AG raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after purchasing an additional 23,237 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Western Asset Investment Grade Defined Opportunity Trust by 226.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock valued at $1,746,000 after purchasing an additional 75,169 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Western Asset Investment Grade Defined Opportunity Trust by 31.6% in the fourth quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock valued at $1,252,000 after purchasing an additional 18,206 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.3%

Western Asset Investment Grade Defined Opportunity Trust stock traded up $0.04 during mid-day trading on Friday, reaching $16.07. 7,736 shares of the company were exchanged, compared to its average volume of 17,386. The firm’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $16.23. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.78 and a twelve month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.071 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.