Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Stock Short Interest Rises 336.8%

Posted by Scott Moore on Oct 12th, 2026

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 19,804 shares, an increase of 336.8% from the September 15th total of 4,534 shares. Based on an average daily trading volume, of 23,694 shares, the short-interest ratio is currently 0.8 days.

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

Several hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter worth about $25,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 226.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock valued at $1,746,000 after purchasing an additional 75,169 shares during the period. Whipplewood Advisors LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.7% in the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock valued at $985,000 after purchasing an additional 1,046 shares during the period. Sit Investment Associates Inc. boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after purchasing an additional 297,365 shares during the period. Finally, 1607 Capital Partners LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after purchasing an additional 54,899 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.6%

Shares of NYSE IGI traded down $0.09 during mid-day trading on Monday, reaching $15.24. The company had a trading volume of 13,321 shares, compared to its average volume of 16,386. The firm has a 50 day simple moving average of $15.76 and a two-hundred day simple moving average of $15.96. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $15.08 and a 52-week high of $16.93.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0710 dividend. This represents a $0.85 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, November 20th.