Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Up 130.4% in December

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 7,071 shares, a growth of 130.4% from the November 30th total of 3,069 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 25,698 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 25,698 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Western Asset Investment Grade Income Fund Price Performance

NYSE:PAI opened at $12.62 on Monday. The business has a fifty day simple moving average of $12.47 and a two-hundred day simple moving average of $12.65. Western Asset Investment Grade Income Fund has a 1 year low of $11.41 and a 1 year high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.0525 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. bought a new position in Western Asset Investment Grade Income Fund during the third quarter worth about $148,000. Fiera Capital Corp boosted its holdings in Western Asset Investment Grade Income Fund by 8.9% in the 3rd quarter. Fiera Capital Corp now owns 92,491 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 7,530 shares during the period. Jones Financial Companies Lllp grew its stake in Western Asset Investment Grade Income Fund by 6.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 187,621 shares of the financial services provider’s stock valued at $2,387,000 after buying an additional 11,267 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Western Asset Investment Grade Income Fund by 6.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 36,633 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 2,082 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Western Asset Investment Grade Income Fund during the third quarter worth $121,000. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.