Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Up 19.9% in February

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,128 shares, an increase of 19.9% from the January 29th total of 10,116 shares. Based on an average daily volume of 13,476 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,476 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Several large investors have recently made changes to their positions in PAI. Shaker Financial Services LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund during the 2nd quarter worth about $145,000. Fiera Capital Corp grew its stake in Western Asset Investment Grade Income Fund by 44.0% during the fourth quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider’s stock worth $1,663,000 after buying an additional 40,732 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Western Asset Investment Grade Income Fund by 3.9% during the fourth quarter. Aviance Capital Partners LLC now owns 38,064 shares of the financial services provider’s stock worth $475,000 after buying an additional 1,431 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $71,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 469.6% in the fourth quarter. Wolverine Asset Management LLC now owns 53,564 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 44,160 shares during the last quarter. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock opened at $12.45 on Wednesday. Western Asset Investment Grade Income Fund has a one year low of $11.41 and a one year high of $13.66. The business has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $12.61.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.0525 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Thursday, May 21st.

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.