Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get 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
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.
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