Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Down 65.3% in February

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 6,700 shares, a decrease of 65.3% from the January 31st total of 19,300 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.4 days.

Western Asset Investment Grade Income Fund Stock Up 0.6 %

Shares of NYSE PAI traded up $0.08 during midday trading on Friday, reaching $12.83. 23,215 shares of the company’s stock were exchanged, compared to its average volume of 18,541. Western Asset Investment Grade Income Fund has a 52-week low of $11.65 and a 52-week high of $13.18. The business’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $12.61.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Western Asset Investment Grade Income Fund

A number of hedge funds have recently made changes to their positions in PAI. 1607 Capital Partners LLC boosted its stake in Western Asset Investment Grade Income Fund by 34.0% during the 4th quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider’s stock valued at $8,288,000 after acquiring an additional 168,193 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 1,527.4% in the 3rd quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 86,299 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Western Asset Investment Grade Income Fund by 58.7% during the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider’s stock worth $1,940,000 after purchasing an additional 57,376 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth about $574,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Western Asset Investment Grade Income Fund by 24.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider’s stock valued at $2,681,000 after buying an additional 42,107 shares during the last quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.