Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Down 51.8% in February

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 886 shares, a decrease of 51.8% from the January 29th total of 1,838 shares. Based on an average daily trading volume, of 14,523 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 14,523 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Comerica Bank increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after acquiring an additional 700 shares during the last quarter. Arax Advisory Partners bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter valued at approximately $38,000. Stifel Financial Corp raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 61.8% in the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust in the second quarter worth $379,000. Finally, Shaker Financial Services LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 118.0% during the second quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock worth $443,000 after purchasing an additional 14,411 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1%

IGI traded up $0.01 during midday trading on Friday, hitting $16.46. The company had a trading volume of 32,615 shares, compared to its average volume of 15,803. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.70 and a twelve month high of $17.09. The firm’s 50-day simple moving average is $16.50 and its 200-day simple moving average is $16.58.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.071 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, May 21st.

About Western Asset Investment Grade Defined Opportunity Trust

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.