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 target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,400 shares, a decline of 11.1% from the October 15th total of 2,700 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE:IGI traded down $0.06 during trading hours on Tuesday, hitting $16.58. 1,717 shares of the company traded hands, compared to its average volume of 24,455. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.08 and a twelve month high of $18.30. The firm has a 50-day moving average of $17.32 and a 200 day moving average of $17.28.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the third quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after buying an additional 95,942 shares in the last quarter. Quarry LP bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter worth approximately $212,000. Oak Harbor Wealth Partners LLC grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock worth $378,000 after purchasing an additional 4,112 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of 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 valued at $1,539,000 after purchasing an additional 11,917 shares during the period. Finally, Almitas Capital LLC bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at approximately $3,575,000.

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.