Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Update

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 11,600 shares, a decrease of 23.2% from the November 15th total of 15,100 shares. Based on an average daily volume of 16,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Western Asset Investment Grade Income Fund

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Western Asset Investment Grade Income Fund by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 157,296 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 3,933 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Western Asset Investment Grade Income Fund by 3.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 172,213 shares of the financial services provider’s stock valued at $2,215,000 after purchasing an additional 5,067 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Western Asset Investment Grade Income Fund in the second quarter valued at $68,000. SeaBridge Investment Advisors LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 4.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 140,365 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 5,915 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Western Asset Investment Grade Income Fund during the 2nd quarter worth about $88,000. 18.99% of the stock is owned by institutional investors.

Western Asset Investment Grade Income Fund Stock Down 0.3 %

Shares of NYSE:PAI traded down $0.04 during trading on Friday, hitting $12.60. 19,181 shares of the company’s stock were exchanged, compared to its average volume of 18,944. The firm has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $12.47. Western Asset Investment Grade Income Fund has a 1-year low of $11.65 and a 1-year high of $13.18.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be issued a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a yield of 4.90%.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.