Short Interest in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Decreases By 86.9%

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,039 shares, a decrease of 86.9% from the May 14th total of 7,930 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 17,260 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

A number of hedge funds have recently made changes to their positions in PAI. Sit Investment Associates Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund in the 4th quarter valued at $14,335,000. Guggenheim Capital LLC boosted its holdings in shares of Western Asset Investment Grade Income Fund by 54.7% in the 4th quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock valued at $2,340,000 after buying an additional 66,296 shares during the period. 1607 Capital Partners LLC boosted its stake in Western Asset Investment Grade Income Fund by 9.8% during the 4th quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock valued at $8,897,000 after purchasing an additional 63,734 shares during the period. Wolverine Asset Management LLC boosted its stake in Western Asset Investment Grade Income Fund by 469.6% during the 4th quarter. Wolverine Asset Management LLC now owns 53,564 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 44,160 shares during the period. Finally, Fiera Capital Corp raised its position in shares of Western Asset Investment Grade Income Fund by 44.0% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI opened at $12.11 on Friday. Western Asset Investment Grade Income Fund has a 1 year low of $11.72 and a 1 year high of $13.66. The company’s 50 day simple moving average is $12.16 and its 200 day simple moving average is $12.36.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.0525 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

About Western Asset Investment Grade Income Fund

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.