Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Sees Significant Decrease in Short Interest

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,838 shares, a decrease of 71.8% from the January 15th total of 6,514 shares. Based on an average daily volume of 9,563 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 9,563 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors have recently modified their holdings of IGI. Sit Investment Associates Inc. boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after acquiring an additional 297,365 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.0% during the third quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock worth $5,430,000 after purchasing an additional 123,261 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter worth $987,000. Guggenheim Capital LLC grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 37.9% in the second quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock valued at $2,250,000 after purchasing an additional 37,292 shares during the period. Finally, UBS Group AG increased its stake in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after purchasing an additional 23,237 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.4%

Shares of NYSE:IGI traded up $0.07 on Friday, hitting $16.64. The company had a trading volume of 10,241 shares, compared to its average volume of 15,968. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $15.70 and a 52-week high of $17.09. The business has a 50 day moving average of $16.47 and a 200 day moving average of $16.58.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.071 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, February 20th.

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.