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 recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,000 shares, a decline of 79.2% from the December 31st total of 4,800 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Western Asset Investment Grade Defined Opportunity Trust stock traded down $0.03 during midday trading on Wednesday, hitting $16.44. 8,400 shares of the stock were exchanged, compared to its average volume of 10,056. The stock’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $17.11. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $16.09 and a fifty-two week high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be given a dividend of $0.071 per share. This represents a $0.85 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Friday, February 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Melfa Wealth Management Inc. purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at approximately $170,000. Oak Harbor Wealth Partners LLC boosted its holdings in 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 valued at $378,000 after purchasing an additional 4,112 shares during the period. Quarry LP purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the third quarter valued at $212,000. Hennion & Walsh Asset Management Inc. grew its stake in Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after purchasing an additional 11,917 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after purchasing an additional 95,942 shares during the period.

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.