Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Down 58.3% in November

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,000 shares, a decrease of 58.3% from the October 31st total of 2,400 shares. Based on an average trading volume of 23,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in 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 valued at $3,769,000 after acquiring an additional 95,942 shares during the period. Almitas Capital LLC acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter valued at $3,575,000. Hara Capital LLC raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 20.4% in the second quarter. Hara Capital LLC now owns 204,560 shares of the company’s stock valued at $3,494,000 after purchasing an additional 34,665 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after buying an additional 11,917 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock worth $378,000 after buying an additional 4,112 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

NYSE IGI traded up $0.07 during trading hours on Thursday, hitting $16.73. 12,521 shares of the company traded hands, compared to its average volume of 24,252. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.16 and a twelve month high of $18.30. The business’s 50-day moving average is $17.13 and its 200-day moving average is $17.27.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Monday, December 23rd.

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.