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 large decline in short interest during the month of April. As of April 30th, there was short interest totaling 591 shares, a decline of 78.1% from the April 15th total of 2,700 shares. Based on an average trading volume of 27,707 shares, the short-interest ratio is currently 0.0 days.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 1.1%

IGI traded down $0.18 during midday trading on Friday, reaching $15.99. 8,218 shares of the company’s stock traded hands, compared to its average volume of 19,382. The firm has a fifty day moving average of $16.13 and a two-hundred day moving average of $16.36. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.78 and a 52 week high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.071 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. increased its position in 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 valued at $12,672,000 after buying an additional 297,365 shares in the last quarter. 1607 Capital Partners LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after buying an additional 54,899 shares in the last quarter. UBS Group AG increased its position in Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after buying an additional 23,237 shares in the last quarter. 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 valued at $1,252,000 after buying an additional 18,206 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 1.7% during the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock valued at $985,000 after buying an additional 1,046 shares in 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.