Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Decreases By 80.5%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,345 shares, a drop of 80.5% from the November 30th total of 6,896 shares. Based on an average trading volume of 30,605 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 30,605 shares, the days-to-cover ratio is currently 0.0 days.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

NYSE:IGI traded up $0.16 during mid-day trading on Thursday, hitting $16.53. 28,422 shares of the stock traded hands, compared to its average volume of 15,305. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.70 and a 52 week high of $17.09. The firm’s 50 day moving average is $16.52 and its two-hundred day moving average is $16.57.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.071 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank boosted its holdings in 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 acquiring an additional 700 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Western Asset Investment Grade Defined Opportunity Trust in the second quarter worth $379,000. Shaker Financial Services LLC lifted its position in shares of 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 purchasing an additional 14,411 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 2,730 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at $987,000.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.