Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Update

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 8,757 shares, a drop of 39.1% from the May 14th total of 14,386 shares. Based on an average daily trading volume, of 14,906 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several large investors have recently bought and sold shares of the business. 1607 Capital Partners LLC boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 61.0% during the 3rd quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock valued at $5,430,000 after acquiring an additional 123,261 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after buying an additional 297,365 shares during the period. Arax Advisory Partners acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $38,000. Stifel Financial Corp increased its stake in shares of 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 acquiring an additional 6,312 shares during the period. Finally, Wells Fargo & Company MN grew its position in Western Asset Investment Grade Defined Opportunity Trust by 31.6% during the fourth quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock valued at $1,252,000 after buying an additional 18,206 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of NYSE:IGI traded up $0.02 during midday trading on Tuesday, hitting $16.14. 8,075 shares of the stock traded hands, compared to its average volume of 19,063. The business’s 50 day moving average is $16.12 and its two-hundred day moving average is $16.29. Western Asset Investment Grade Defined Opportunity Trust has a one year low of $15.78 and a one year high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

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

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.