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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, a decrease of 70.0% from the January 31st total of 3,000 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $1,722,000. Jane Street Group LLC increased its position in shares of 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 worth $3,769,000 after purchasing an additional 95,942 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at about $1,038,000. Shaker Financial Services LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $201,000. Finally, Quarry LP bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the third quarter valued at about $212,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1 %

Shares of IGI stock traded up $0.03 during trading hours on Friday, hitting $16.70. 21,045 shares of the company were exchanged, compared to its average volume of 19,839. The firm has a fifty day moving average of $16.50 and a 200 day moving average of $17.02. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $16.09 and a 1 year high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, March 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.