Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Up 7.1% in June

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,000 shares, an increase of 7.1% from the May 31st total of 2,800 shares. Based on an average daily volume of 18,700 shares, the short-interest ratio is presently 0.2 days.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $17.10 on Thursday. Western Asset Investment Grade Defined Opportunity Trust has a one year low of $15.13 and a one year high of $17.79. The firm has a fifty day moving average of $16.95 and a two-hundred day moving average of $17.08.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.071 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.85 dividend on an annualized basis and a yield of 4.98%.

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

Large investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. raised its position in Western Asset Investment Grade Defined Opportunity Trust by 126.8% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 87,736 shares of the company’s stock worth $1,542,000 after buying an additional 49,044 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 0.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 566,271 shares of the company’s stock worth $9,955,000 after buying an additional 4,075 shares during the last quarter. Raymond James & Associates raised its position in Western Asset Investment Grade Defined Opportunity Trust by 1.8% during the 4th quarter. Raymond James & Associates now owns 67,516 shares of the company’s stock worth $1,187,000 after buying an additional 1,188 shares during the last quarter. Almitas Capital LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 6.9% during the 3rd quarter. Almitas Capital LLC now owns 14,018 shares of the company’s stock worth $222,000 after buying an additional 900 shares during the last quarter. Finally, 1607 Capital Partners LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 2.7% during the 4th quarter. 1607 Capital Partners LLC now owns 1,355,326 shares of the company’s stock worth $23,827,000 after buying an additional 35,600 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.