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 growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,878 shares, a growth of 112.0% from the February 12th total of 886 shares. Based on an average daily volume of 15,297 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 15,297 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several large investors have recently bought and sold shares of IGI. Sit Investment Associates Inc. increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after purchasing an additional 297,365 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after acquiring an additional 54,899 shares during the last quarter. Arax Advisory Partners acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter valued at $38,000. Stifel Financial Corp increased its position in Western Asset Investment Grade Defined Opportunity Trust by 61.8% during the 4th quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Western Asset Investment Grade Defined Opportunity Trust by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock worth $1,252,000 after purchasing an additional 18,206 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.1%

IGI traded down $0.02 on Thursday, hitting $16.09. 4,279 shares of the company were exchanged, compared to its average volume of 20,582. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.70 and a fifty-two week high of $17.09. The business’s fifty day moving average is $16.46 and its 200 day moving average is $16.56.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.071 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.