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 increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, an increase of 237.5% from the February 28th total of 800 shares. Based on an average trading volume of 14,800 shares, the short-interest ratio is currently 0.2 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of Western Asset Investment Grade Defined Opportunity Trust stock traded up $0.01 on Friday, hitting $16.51. The stock had a trading volume of 16,034 shares, compared to its average volume of 19,552. The business’s 50 day moving average is $16.61 and its two-hundred day moving average is $16.84. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.09 and a twelve month high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.071 per share. This is a boost from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 5.14%.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors and hedge funds have recently modified their holdings of IGI. Jones Financial Companies Lllp raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1,333.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,150 shares of the company’s stock valued at $35,000 after buying an additional 2,000 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.1% during the 4th quarter. Guggenheim Capital LLC now owns 54,965 shares of the company’s stock worth $896,000 after purchasing an additional 7,624 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $163,000. Melfa Wealth Management Inc. acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at approximately $170,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.6% during the 4th quarter. Wells Fargo & Company MN now owns 82,775 shares of the company’s stock worth $1,350,000 after acquiring an additional 11,794 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.