Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,200 shares, a decrease of 20.4% from the December 31st total of 10,300 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of Western Asset Investment Grade Income Fund
Institutional investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC raised its holdings in shares of Western Asset Investment Grade Income Fund by 1.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 2,663 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Western Asset Investment Grade Income Fund by 24.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider's stock worth $2,681,000 after acquiring an additional 42,107 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Western Asset Investment Grade Income Fund by 1,527.4% during the 3rd quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 86,299 shares during the last quarter. Hedge funds and other institutional investors own 18.99% of the company's stock.
Western Asset Investment Grade Income Fund Stock Up 0.3 %
Shares of PAI stock traded up $0.04 on Wednesday, hitting $12.74. 16,198 shares of the stock were exchanged, compared to its average volume of 16,206. Western Asset Investment Grade Income Fund has a one year low of $11.65 and a one year high of $13.18. The firm's 50 day moving average is $12.49 and its two-hundred day moving average is $12.57.
Western Asset Investment Grade Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be issued a dividend of $0.0515 per share. The ex-dividend date is Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a yield of 4.85%.
About Western Asset Investment Grade Income Fund
(
Get Free Report)
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.
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