Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Down 58.3% in November

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,000 shares, a decrease of 58.3% from the October 31st total of 2,400 shares. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Almitas Capital LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter valued at $3,575,000. Jane Street Group LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 84.6% in the third quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after acquiring an additional 95,942 shares in the last quarter. Hara Capital LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 20.4% in the second quarter. Hara Capital LLC now owns 204,560 shares of the company’s stock worth $3,494,000 after acquiring an additional 34,665 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 67.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 73,607 shares of the company’s stock valued at $1,257,000 after acquiring an additional 29,585 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 3rd quarter valued at about $212,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1 %

Shares of NYSE:IGI traded up $0.02 during trading on Friday, reaching $16.75. The company had a trading volume of 20,711 shares, compared to its average volume of 24,236. The firm’s fifty day moving average is $17.08 and its 200 day moving average is $17.26. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.24 and a twelve month high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.071 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.85 dividend on an annualized basis and a yield of 5.09%.

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.