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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 5,600 shares, a decline of 51.3% from the August 31st total of 11,500 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

A number of hedge funds have recently bought and sold shares of IGI. Comerica Bank boosted its stake in 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 worth $32,000 after purchasing an additional 700 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter valued at $379,000. Shaker Financial Services LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 118.0% in the second quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock worth $443,000 after buying an additional 14,411 shares during the period. Bank of America Corp DE boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% in the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after buying an additional 2,730 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at $987,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1%

Shares of NYSE:IGI opened at $16.75 on Friday. The stock has a fifty day moving average of $16.67 and a 200-day moving average of $16.46. Western Asset Investment Grade Defined Opportunity Trust has a one year low of $15.70 and a one year high of $17.70.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be paid a $0.071 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.