Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Declines By 70.0%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, a decline of 70.0% from the January 31st total of 3,000 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of IGI traded up $0.05 during trading hours on Friday, hitting $16.72. The company had a trading volume of 24,154 shares, compared to its average volume of 19,892. The firm has a fifty day moving average price of $16.51 and a 200-day moving average price of $17.01. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $16.09 and a 52-week high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.071 dividend. This represents a $0.85 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Monday, March 24th.

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

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in Western Asset Investment Grade Defined Opportunity Trust by 1,333.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,150 shares of the company’s stock worth $35,000 after buying an additional 2,000 shares during the last quarter. Stifel Financial Corp purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth about $163,000. Melfa Wealth Management Inc. purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth about $170,000. Shaker Financial Services LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth about $201,000. Finally, Quarry LP purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter worth about $212,000.

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.