Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Update

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,039 shares, a decrease of 86.9% from the May 14th total of 7,930 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,260 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Western Asset Investment Grade Income Fund in the 1st quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in Western Asset Investment Grade Income Fund in the 4th quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in Western Asset Investment Grade Income Fund in the 4th quarter valued at $71,000. Northwestern Mutual Wealth Management Co. raised its position in Western Asset Investment Grade Income Fund by 4,791.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,848 shares of the financial services provider’s stock valued at $85,000 after buying an additional 6,708 shares during the last quarter. Finally, Bank of America Corp DE raised its position in 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 buying an additional 2,267 shares during the last quarter. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Trading Up 0.0%

NYSE PAI traded up $0.01 on Wednesday, reaching $12.11. The company had a trading volume of 22,648 shares, compared to its average volume of 16,209. The company’s fifty day moving average is $12.15 and its 200 day moving average is $12.37. Western Asset Investment Grade Income Fund has a 52-week low of $11.72 and a 52-week high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.0525 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, August 24th.

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.