Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Drops By 79.2%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 1,000 shares, a drop of 79.2% from the December 31st total of 4,800 shares. Based on an average trading volume of 19,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several large investors have recently bought and sold shares of IGI. Melfa Wealth Management Inc. purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at about $170,000. Quarry LP acquired a new position in Western Asset Investment Grade Defined Opportunity Trust during the third quarter worth approximately $212,000. Oak Harbor Wealth Partners LLC lifted its stake 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 buying an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Western Asset Investment Grade Defined Opportunity Trust by 16.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock valued at $1,539,000 after buying an additional 11,917 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of 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 valued at $3,769,000 after acquiring an additional 95,942 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.2 %

Shares of NYSE:IGI traded down $0.03 during trading on Wednesday, hitting $16.44. 8,400 shares of the company were exchanged, compared to its average volume of 10,056. The firm’s 50 day moving average price is $16.54 and its 200-day moving average price is $17.11. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $16.09 and a 12-month high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

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

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.