Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Stock Short Interest Report for October

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 5,093 shares, a decrease of 37.3% from the September 30th total of 8,127 shares. Based on an average daily volume of 26,344 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Western Asset Investment Grade Income Fund Stock Up 0.2%

PAI traded up $0.02 during trading on Tuesday, reaching $11.48. The stock had a trading volume of 23,448 shares, compared to its average volume of 17,531. The business has a 50-day moving average of $11.57 and a 200-day moving average of $12.06. Western Asset Investment Grade Income Fund has a one year low of $11.24 and a one year high of $12.95.

Western Asset Investment Grade Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.0525 per share. This represents a $0.63 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

A number of hedge funds have recently made changes to their positions in PAI. Fifth Third Bancorp purchased a new stake in shares of Western Asset Investment Grade Income Fund in the 1st quarter valued at $30,000. Susquehanna International Group LLP grew its holdings in shares of Western Asset Investment Grade Income Fund by 16.0% during the 2nd quarter. Susquehanna International Group LLP now owns 12,605 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,734 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Western Asset Investment Grade Income Fund during the 2nd quarter valued at $243,000. Waverly Advisors LLC purchased a new position in Western Asset Investment Grade Income Fund in the 2nd quarter worth $269,000. Finally, Kestra Advisory Services LLC purchased a new position in Western Asset Investment Grade Income Fund in the 3rd quarter worth $992,000. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in investment-grade fixed-income securities.

Its portfolio may include corporate bonds, U.S. government and agency securities, mortgage-backed securities, asset-backed securities, and other debt instruments. The fund may also invest in securities issued by entities outside the United States, providing exposure to global fixed-income markets while maintaining an emphasis on higher-quality credit.

PAI is managed by Western Asset Management Company, a global fixed-income investment manager and an affiliate of Franklin Resources.