Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Update

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 4,181 shares, a drop of 48.7% from the June 15th total of 8,153 shares. Based on an average daily volume of 11,103 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

A number of hedge funds have recently bought and sold shares of IGI. Comerica Bank grew its holdings in Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after buying an additional 700 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 3.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock worth $503,000 after acquiring an additional 1,000 shares during the period. Whipplewood Advisors LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.7% during the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock valued at $985,000 after acquiring an additional 1,046 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter valued at about $38,000. Finally, Bank of America Corp DE grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% in 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.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.3%

IGI traded down $0.05 on Wednesday, hitting $16.03. 7,161 shares of the company’s stock were exchanged, compared to its average volume of 17,549. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.78 and a fifty-two week high of $17.09. The firm has a 50-day moving average price of $16.08 and a 200-day moving average price of $16.24.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.071 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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.