Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Up 52.2% in October

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,500 shares, a growth of 52.2% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 15,800 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 15,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGI. Comerica Bank raised its stake in shares of 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 valued at $32,000 after buying an additional 700 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust during the second quarter worth about $379,000. Shaker Financial Services LLC grew its holdings in 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 worth $443,000 after acquiring an additional 14,411 shares during the period. Bank of America Corp DE raised its position in Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock valued at $517,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at approximately $987,000.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.3%

IGI stock opened at $16.58 on Tuesday. The firm’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $16.52. Western Asset Investment Grade Defined Opportunity Trust has a 12 month low of $15.70 and a 12 month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 24th were issued a $0.071 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 24th.

About Western Asset Investment Grade Defined Opportunity Trust

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.