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 large increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,700 shares, an increase of 800.0% from the September 30th total of 300 shares. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oak Harbor Wealth Partners LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 4.6% during the second quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock valued at $289,000 after acquiring an additional 745 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the first quarter. Moloney Securities Asset Management LLC now owns 122,862 shares of the company’s stock worth $2,124,000 after purchasing an additional 8,658 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after buying an additional 11,917 shares during the last quarter. Hara Capital LLC raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 20.4% during the second quarter. Hara Capital LLC now owns 204,560 shares of the company’s stock valued at $3,494,000 after buying an additional 34,665 shares in the last quarter. Finally, Almitas Capital LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter worth about $3,575,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.2 %

Shares of NYSE:IGI traded up $0.03 during trading on Friday, reaching $16.95. 28,792 shares of the company traded hands, compared to its average volume of 24,973. The firm has a fifty day simple moving average of $17.67 and a 200 day simple moving average of $17.27. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.15 and a 1-year high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a $0.071 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.85 dividend on an annualized basis and a yield of 5.03%.

About Western Asset Investment Grade Defined Opportunity Trust

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.