Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Sees Large Drop in Short Interest

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 591 shares, a decrease of 78.1% from the April 15th total of 2,700 shares. Based on an average daily volume of 27,707 shares, the short-interest ratio is currently 0.0 days.

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

Large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 1.7% in the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock worth $985,000 after acquiring an additional 1,046 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after purchasing an additional 297,365 shares during the period. 1607 Capital Partners LLC grew its holdings in Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after purchasing an additional 54,899 shares in the last quarter. Arax Advisory Partners purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $38,000. Finally, Stifel Financial Corp increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.8% in the 4th quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 1.1%

IGI stock traded down $0.17 during midday trading on Friday, hitting $16.00. The stock had a trading volume of 1,457 shares, compared to its average volume of 19,305. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $15.78 and a 12-month high of $17.09. The company’s 50-day moving average price is $16.13 and its 200 day moving average price is $16.36.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.071 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.