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 recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 4,181 shares, a drop of 48.7% from the June 15th total of 8,153 shares. Based on an average trading volume of 11,103 shares, the short-interest ratio is presently 0.4 days.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.3%

NYSE:IGI traded down $0.05 during trading hours on Wednesday, reaching $16.03. The company had a trading volume of 7,161 shares, compared to its average volume of 17,549. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.78 and a 1-year high of $17.09. The business’s 50 day moving average price is $16.08 and its 200-day moving average price is $16.24.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.071 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after buying an additional 297,365 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 226.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock valued at $1,746,000 after acquiring an additional 75,169 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after acquiring an additional 54,899 shares during the last quarter. UBS Group AG lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after acquiring an additional 23,237 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 31.6% in the fourth quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock valued at $1,252,000 after acquiring an additional 18,206 shares in the last quarter.

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.