Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Expands By 7.1%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,000 shares, an increase of 7.1% from the May 31st total of 2,800 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is currently 0.2 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of NYSE IGI traded up $0.08 during trading on Tuesday, hitting $17.01. 11,750 shares of the company traded hands, compared to its average volume of 25,825. The business’s fifty day moving average is $16.94 and its 200 day moving average is $17.08. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.13 and a fifty-two week high of $17.79.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.071 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.85 annualized dividend and a dividend yield of 5.01%.

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

Several institutional investors have recently made changes to their positions in IGI. Almitas Capital LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 6.9% in the 3rd quarter. Almitas Capital LLC now owns 14,018 shares of the company’s stock worth $222,000 after acquiring an additional 900 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.8% in the 4th quarter. Raymond James & Associates now owns 67,516 shares of the company’s stock worth $1,187,000 after acquiring an additional 1,188 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 0.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 566,271 shares of the company’s stock worth $9,955,000 after acquiring an additional 4,075 shares during the last quarter. City of London Investment Management Co. Ltd. grew its position in Western Asset Investment Grade Defined Opportunity Trust by 126.8% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 87,736 shares of the company’s stock worth $1,542,000 after purchasing an additional 49,044 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC grew its position in Western Asset Investment Grade Defined Opportunity Trust by 5.3% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 14,871 shares of the company’s stock worth $261,000 after purchasing an additional 754 shares in the last quarter.

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.