Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Up 61.8% in January

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 4,195 shares, a growth of 61.8% from the December 31st total of 2,593 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,741 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 12,741 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Western Asset Investment Grade Income Fund Stock Down 0.4%

Western Asset Investment Grade Income Fund stock opened at $12.62 on Monday. The company has a 50 day moving average price of $12.50 and a 200-day moving average price of $12.62. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.41 and a fifty-two week 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, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.0525 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aviance Capital Partners LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 6.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 36,633 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 2,082 shares during the last quarter. Bank of America Corp DE increased its holdings in Western Asset Investment Grade Income Fund by 35.3% in the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock worth $109,000 after buying an additional 2,267 shares during the period. CWM LLC raised its holdings in shares of Western Asset Investment Grade Income Fund by 760.9% during the third quarter. CWM LLC now owns 3,960 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,500 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of Western Asset Investment Grade Income Fund by 8.9% in the 3rd quarter. Fiera Capital Corp now owns 92,491 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 7,530 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in Western Asset Investment Grade Income Fund in the third quarter valued at approximately $121,000. Hedge funds and other institutional investors own 18.99% of the company’s stock.

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.