Short Interest in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Declines By 39.1%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,757 shares, a drop of 39.1% from the May 14th total of 14,386 shares. Based on an average daily trading volume, of 14,906 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC boosted its stake in Western Asset Investment Grade Defined Opportunity Trust by 1.7% during the first quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock worth $985,000 after acquiring an additional 1,046 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after acquiring an additional 297,365 shares in the last quarter. 1607 Capital Partners LLC raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after purchasing an additional 54,899 shares during the last quarter. Arax Advisory Partners bought a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth about $38,000. Finally, Stifel Financial Corp grew its position in Western Asset Investment Grade Defined Opportunity Trust by 61.8% during the 4th quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock valued at $273,000 after purchasing an additional 6,312 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1%

IGI stock opened at $16.14 on Wednesday. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.78 and a fifty-two week high of $17.09. The business’s 50 day moving average price is $16.12 and its two-hundred day moving average price is $16.29.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.071 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 5.3%.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.