Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Up 19.9% in February

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 12,128 shares, an increase of 19.9% from the January 29th total of 10,116 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,476 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 13,476 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. acquired a new position in Western Asset Investment Grade Income Fund in the 4th quarter valued at approximately $14,335,000. 1607 Capital Partners LLC increased its position in shares of Western Asset Investment Grade Income Fund by 9.8% during the fourth 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. Guggenheim Capital LLC increased its position in shares of Western Asset Investment Grade Income Fund by 54.7% during the fourth quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock valued at $2,340,000 after purchasing an additional 66,296 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at $32,000. Finally, Karpus Management Inc. bought a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth $113,000. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Price Performance

NYSE PAI opened at $12.45 on Wednesday. The stock has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $12.61. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.0525 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Western Asset Investment Grade Income Fund Company Profile

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.