Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Update

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,200 shares, a decrease of 47.9% from the April 30th total of 11,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PAI. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter worth about $574,000. Stifel Financial Corp grew its stake in Western Asset Investment Grade Income Fund by 6.4% during the 4th quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock worth $424,000 after buying an additional 2,038 shares during the last quarter. 1607 Capital Partners LLC increased its position in Western Asset Investment Grade Income Fund by 34.0% during the fourth quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider's stock worth $8,288,000 after buying an additional 168,193 shares during the period. StoneX Group Inc. purchased a new stake in Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $249,000. Finally, SeaBridge Investment Advisors LLC lifted its stake in Western Asset Investment Grade Income Fund by 1.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider's stock valued at $1,817,000 after buying an additional 2,663 shares during the last quarter. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Trading Up 0.3%

Shares of NYSE:PAI opened at $12.41 on Monday. The company has a 50-day simple moving average of $12.31 and a 200 day simple moving average of $12.47. Western Asset Investment Grade Income Fund has a 52-week low of $11.41 and a 52-week high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be paid a dividend of $0.0525 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.63 annualized dividend and a yield of 5.08%.

Western Asset Investment Grade Income Fund Company Profile

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.