Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Down 63.3% in December

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 2,593 shares, a decline of 63.3% from the December 15th total of 7,071 shares. Based on an average daily trading volume, of 19,350 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,350 shares, the short-interest ratio is currently 0.1 days.

Western Asset Investment Grade Income Fund Stock Performance

Shares of NYSE PAI traded up $0.01 during midday trading on Thursday, hitting $12.57. The stock had a trading volume of 22,764 shares, compared to its average volume of 14,704. The stock has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $12.66. Western Asset Investment Grade Income Fund has a 1 year low of $11.41 and a 1 year high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.0525 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

A number of hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 413.8% in the third quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider’s stock worth $735,000 after buying an additional 45,971 shares in the last quarter. SeaBridge Investment Advisors LLC raised its holdings in Western Asset Investment Grade Income Fund by 16.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock valued at $3,846,000 after acquiring an additional 41,842 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Western Asset Investment Grade Income Fund by 13.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 223,849 shares of the financial services provider’s stock worth $2,794,000 after purchasing an additional 25,947 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Western Asset Investment Grade Income Fund by 85.4% in the 2nd quarter. Baird Financial Group Inc. now owns 31,782 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 14,644 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund during the 3rd quarter worth approximately $148,000. 18.99% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Company Profile

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.