Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Expands By 112.0%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,878 shares, an increase of 112.0% from the February 12th total of 886 shares. Based on an average daily trading volume, of 15,297 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 15,297 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after purchasing an additional 700 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter valued at about $379,000. Guggenheim Capital LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 37.9% in the 2nd quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock valued at $2,250,000 after buying an additional 37,292 shares in the last quarter. Bank of America Corp DE raised its stake in 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 buying an additional 2,730 shares during the period. Finally, UBS Group AG raised its stake in 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 buying an additional 23,237 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.2%

Shares of IGI stock opened at $16.02 on Friday. The firm has a 50 day moving average of $16.44 and a 200-day moving average of $16.55. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.70 and a 52 week high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.071 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Thursday, May 21st.

About Western Asset Investment Grade Defined Opportunity Trust

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.