Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Short Interest Update

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,400 shares, a drop of 11.1% from the October 15th total of 2,700 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several large investors have recently made changes to their positions in the stock. Karpus Management Inc. grew its holdings in Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% during the first quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock valued at $9,698,000 after purchasing an additional 541,068 shares during the last quarter. Oak Harbor Wealth Partners LLC lifted its position in Western Asset Investment Grade Defined Opportunity Trust by 4.6% during the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock worth $289,000 after acquiring an additional 745 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 67.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 73,607 shares of the company’s stock valued at $1,257,000 after purchasing an additional 29,585 shares during the last quarter. Hara Capital LLC increased its stake 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 worth $3,494,000 after purchasing an additional 34,665 shares during the period. Finally, Almitas Capital LLC acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth about $3,575,000.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE IGI traded down $0.06 during trading on Tuesday, reaching $16.58. The company’s stock had a trading volume of 1,717 shares, compared to its average volume of 24,455. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $16.08 and a 1-year high of $18.30. The business has a 50-day moving average price of $17.32 and a 200-day moving average price of $17.28.

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.