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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAIGet Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,039 shares, a decrease of 86.9% from the May 14th total of 7,930 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 17,260 shares, the days-to-cover ratio is currently 0.1 days.

Western Asset Investment Grade Income Fund Stock Up 0.0%

NYSE:PAI traded up $0.01 during trading on Wednesday, reaching $12.11. The company’s stock had a trading volume of 22,648 shares, compared to its average volume of 16,209. The firm has a 50 day moving average of $12.15 and a 200-day moving average of $12.37. Western Asset Investment Grade Income Fund has a 12 month low of $11.72 and a 12 month high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Western Asset Investment Grade Income Fund during the 1st quarter worth $30,000. Sit Investment Associates Inc. bought a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth $14,335,000. 1607 Capital Partners LLC grew its stake in shares of Western Asset Investment Grade Income Fund by 9.8% during the 4th quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock worth $8,897,000 after acquiring an additional 63,734 shares during the period. Guggenheim Capital LLC grew its stake in shares of Western Asset Investment Grade Income Fund by 54.7% during the 4th quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock worth $2,340,000 after acquiring an additional 66,296 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth $32,000. Institutional investors own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Western Asset Investment Grade Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Investment Grade Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.