Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Stock Short Interest Falls 75.9%

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,228 shares, a decline of 75.9% from the October 15th total of 5,093 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 28,423 shares, the short-interest ratio is currently 0.0 days.

Western Asset Investment Grade Income Fund Stock Down 0.1%

Shares of PAI opened at $11.55 on Thursday. The stock’s 50 day moving average is $11.51 and its two-hundred day moving average is $12.02. Western Asset Investment Grade Income Fund has a twelve month low of $11.24 and a twelve month high of $12.95.

Western Asset Investment Grade Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Uhlmann Price Securities LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 530.0% in the third quarter. Uhlmann Price Securities LLC now owns 110,826 shares of the financial services provider’s stock valued at $1,271,000 after purchasing an additional 93,235 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund in the second quarter valued at approximately $269,000. Bank of America Corp DE acquired a new stake in shares of Western Asset Investment Grade Income Fund in the second quarter valued at approximately $240,000. Kestra Advisory Services LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund in the third quarter valued at approximately $992,000. Finally, Focus Advisor Solutions LLC purchased a new position in shares of Western Asset Investment Grade Income Fund during the 3rd quarter worth approximately $126,000. Institutional investors and hedge funds own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in investment-grade fixed-income securities. Its portfolio may include corporate bonds, U.S. government and agency securities, mortgage-backed securities, asset-backed securities, and other debt instruments. The fund may also invest in securities issued by entities outside the United States, providing exposure to global fixed-income markets while maintaining an emphasis on higher-quality credit.