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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,039 shares, a decline of 86.9% from the May 14th total of 7,930 shares. Based on an average trading volume of 17,260 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Western Asset Investment Grade Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at $14,335,000. 1607 Capital Partners LLC increased its stake in shares of Western Asset Investment Grade Income Fund by 9.8% in the fourth quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock valued at $8,897,000 after buying an additional 63,734 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Western Asset Investment Grade Income Fund by 13.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 223,849 shares of the financial services provider’s stock valued at $2,794,000 after buying an additional 25,947 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Western Asset Investment Grade Income Fund by 54.7% in the fourth quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock valued at $2,340,000 after buying an additional 66,296 shares in the last quarter. Finally, Fiera Capital Corp increased its stake 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 buying an additional 40,732 shares in the last quarter. 18.99% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Stock Performance

Shares of NYSE:PAI traded up $0.01 during trading on Thursday, reaching $12.11. The stock had a trading volume of 15,503 shares, compared to its average volume of 18,231. Western Asset Investment Grade Income Fund has a 52 week low of $11.72 and a 52 week high of $13.66. The business’s 50-day moving average price is $12.16 and its 200 day moving average price is $12.36.

Western Asset Investment Grade Income Fund Dividend Announcement

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

About Western Asset Investment Grade Income Fund

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.