Short Interest in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Rises By 141.1%

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 10,116 shares, a growth of 141.1% from the January 15th total of 4,195 shares. Based on an average daily volume of 9,439 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,439 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Western Asset Investment Grade Income Fund by 35.3% in the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,267 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in Western Asset Investment Grade Income Fund in the second quarter worth $143,000. Aviance Capital Partners LLC raised its holdings in Western Asset Investment Grade Income Fund by 18.4% in the second quarter. Aviance Capital Partners LLC now owns 34,551 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 5,368 shares in the last quarter. Shaker Financial Services LLC purchased a new position in Western Asset Investment Grade Income Fund during the second quarter valued at $145,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Western Asset Investment Grade Income Fund by 85.4% during the 2nd quarter. Baird Financial Group Inc. now owns 31,782 shares of the financial services provider’s stock valued at $413,000 after buying an additional 14,644 shares in the last quarter. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock traded up $0.04 during mid-day trading on Friday, hitting $12.81. The company’s stock had a trading volume of 6,601 shares, compared to its average volume of 11,127. The business has a 50 day moving average price of $12.55 and a 200-day moving average price of $12.62. Western Asset Investment Grade Income Fund has a 12 month low of $11.41 and a 12 month high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders 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) annualized dividend and a dividend yield of 4.9%.

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.