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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 8,616 shares, an increase of 540.6% from the December 15th total of 1,345 shares. Based on an average trading volume of 23,442 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 23,442 shares, the short-interest ratio is presently 0.4 days.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.1%

NYSE IGI traded down $0.02 during trading hours on Monday, hitting $16.44. 20,306 shares of the stock were exchanged, compared to its average volume of 22,658. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $15.70 and a 12-month high of $17.09. The stock has a 50-day moving average of $16.45 and a 200 day moving average of $16.58.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.071 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

A number of institutional investors have recently modified their holdings of IGI. 1607 Capital Partners LLC grew its holdings in 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 acquiring an additional 123,261 shares during the period. UBS Group AG boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after purchasing an additional 23,237 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the 2nd quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after purchasing an additional 2,730 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 37.9% during the 2nd quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock worth $2,250,000 after purchasing an additional 37,292 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter valued at about $379,000.

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.