Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Stock Short Interest Report for September

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 19,804 shares, an increase of 336.8% from the September 15th total of 4,534 shares. Based on an average daily volume of 23,694 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its holdings in 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 worth $12,672,000 after acquiring an additional 297,365 shares in the last quarter. 1607 Capital Partners LLC grew its stake in Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after acquiring an additional 54,899 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Western Asset Investment Grade Defined Opportunity Trust by 226.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock valued at $1,746,000 after acquiring an additional 75,169 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.7% in 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. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter worth about $25,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1%

IGI traded up $0.01 during mid-day trading on Friday, hitting $15.33. The stock had a trading volume of 7,370 shares, compared to its average volume of 16,402. The stock’s fifty day simple moving average is $15.76 and its 200-day simple moving average is $15.96. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.08 and a 1-year high of $16.93.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.0710 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.6%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile