Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Up 130.4% in December

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,071 shares, an increase of 130.4% from the November 30th total of 3,069 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,698 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 25,698 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Western Asset Investment Grade Income Fund Stock Up 0.5%

NYSE:PAI traded up $0.07 during trading hours on Friday, hitting $12.62. 17,871 shares of the company were exchanged, compared to its average volume of 22,076. Western Asset Investment Grade Income Fund has a one year low of $11.41 and a one year high of $13.66. The company has a fifty day simple moving average of $12.47 and a 200 day simple moving average of $12.65.

Western Asset Investment Grade Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.0525 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Trading of Western Asset Investment Grade Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC boosted its holdings in Western Asset Investment Grade Income Fund by 16.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock worth $3,846,000 after acquiring an additional 41,842 shares in the last quarter. 1607 Capital Partners LLC raised its position in shares of Western Asset Investment Grade Income Fund by 0.6% during the first quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock worth $8,563,000 after purchasing an additional 3,900 shares during the period. Shaker Financial Services LLC bought a new position in shares of Western Asset Investment Grade Income Fund in the 2nd quarter worth $145,000. Aviance Capital Partners LLC grew its position in Western Asset Investment Grade Income Fund by 18.4% in the 2nd quarter. Aviance Capital Partners LLC now owns 34,551 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 5,368 shares during the period. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Western Asset Investment Grade Income Fund during the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 18.99% of the company’s stock.

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.