Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Update

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,838 shares, a drop of 71.8% from the January 15th total of 6,514 shares. Based on an average daily trading volume, of 9,563 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 9,563 shares, the days-to-cover ratio is presently 0.2 days.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.4%

NYSE IGI traded up $0.07 on Friday, hitting $16.64. 10,241 shares of the company were exchanged, compared to its average volume of 15,968. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.70 and a 1-year high of $17.09. The firm has a 50 day moving average of $16.47 and a two-hundred day moving average of $16.57.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.071 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGI. Comerica Bank lifted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after buying an additional 700 shares in the last quarter. Stifel Financial Corp raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.8% during the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after acquiring an additional 6,312 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at $379,000. Shaker Financial Services LLC lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 118.0% during the second quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock valued at $443,000 after acquiring an additional 14,411 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 3.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock valued at $503,000 after acquiring an additional 1,000 shares during the last quarter.

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.