Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Rises By 7.1%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,000 shares, an increase of 7.1% from the May 31st total of 2,800 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. 1607 Capital Partners LLC raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 2.7% during the fourth quarter. 1607 Capital Partners LLC now owns 1,355,326 shares of the company’s stock worth $23,827,000 after acquiring an additional 35,600 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 0.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 566,271 shares of the company’s stock worth $9,955,000 after purchasing an additional 4,075 shares during the last quarter. Karpus Management Inc. grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% during the first quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock worth $9,698,000 after purchasing an additional 541,068 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the first quarter. Moloney Securities Asset Management LLC now owns 122,862 shares of the company’s stock worth $2,124,000 after purchasing an additional 8,658 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 126.8% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 87,736 shares of the company’s stock worth $1,542,000 after purchasing an additional 49,044 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.5 %

NYSE IGI traded up $0.09 during trading on Wednesday, hitting $17.10. 7,204 shares of the company’s stock were exchanged, compared to its average volume of 25,678. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.13 and a fifty-two week high of $17.79. The stock’s 50 day moving average price is $16.94 and its two-hundred day moving average price is $17.08.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.071 per share. This represents a $0.85 annualized dividend and a yield of 4.98%. The ex-dividend date is Wednesday, July 24th.

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.