Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Decreases By 40.0%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 300 shares, a decline of 40.0% from the August 15th total of 500 shares. Based on an average trading volume of 19,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors have recently modified their holdings of IGI. City of London Investment Management Co. Ltd. lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 126.8% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 87,736 shares of the company’s stock worth $1,542,000 after buying an additional 49,044 shares during the last quarter. Oak Harbor Wealth Partners LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 5.3% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 14,871 shares of the company’s stock valued at $261,000 after purchasing an additional 754 shares during the last quarter. 1607 Capital Partners LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 2.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,355,326 shares of the company’s stock valued at $23,827,000 after purchasing an additional 35,600 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Western Asset Investment Grade Defined Opportunity Trust by 106.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 44,022 shares of the company’s stock valued at $761,000 after purchasing an additional 22,722 shares during the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the 1st quarter. Moloney Securities Asset Management LLC now owns 122,862 shares of the company’s stock valued at $2,124,000 after purchasing an additional 8,658 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.2 %

NYSE IGI traded up $0.03 on Friday, hitting $18.02. 11,412 shares of the stock were exchanged, compared to its average volume of 24,503. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.13 and a fifty-two week high of $18.04. The company has a 50-day moving average price of $17.56 and a 200-day moving average price of $17.19.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.071 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.85 annualized dividend and a dividend yield of 4.73%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.