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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGIGet Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,000 shares, a drop of 79.2% from the December 15th total of 4,800 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.1 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Western Asset Investment Grade Defined Opportunity Trust stock remained flat at $16.27 on Tuesday. 4,725 shares of the company’s stock were exchanged, compared to its average volume of 8,991. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $16.09 and a 52-week high of $18.30. The company’s fifty day moving average is $16.60 and its two-hundred day moving average is $17.16.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.071 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.85 annualized dividend and a dividend yield of 5.24%.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter worth approximately $212,000. Oak Harbor Wealth Partners LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% in the third quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock worth $378,000 after acquiring an additional 4,112 shares during 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 acquiring an additional 11,917 shares during the period. Almitas Capital LLC acquired a new position in Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter valued at $3,575,000. Finally, Jane Street Group LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 84.6% in the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock valued at $3,769,000 after purchasing an additional 95,942 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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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.

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