Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Down 87.1% in May

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 800 shares, a decline of 87.1% from the May 15th total of 6,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 0.1 days.

Western Asset Investment Grade Income Fund Stock Down 0.6%

Shares of PAI traded down $0.08 during mid-day trading on Friday, hitting $12.39. 6,204 shares of the company traded hands, compared to its average volume of 16,305. The stock has a 50-day moving average price of $12.27 and a two-hundred day moving average price of $12.46. Western Asset Investment Grade Income Fund has a 1 year low of $11.41 and a 1 year high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAI. Jones Financial Companies Lllp raised its holdings in shares of Western Asset Investment Grade Income Fund by 58.7% during the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock valued at $1,940,000 after purchasing an additional 57,376 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Western Asset Investment Grade Income Fund during the fourth quarter valued at approximately $574,000. Aviance Capital Partners LLC grew its position in Western Asset Investment Grade Income Fund by 12.6% during the fourth quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider's stock valued at $292,000 after buying an additional 2,612 shares during the period. StoneX Group Inc. bought a new stake in Western Asset Investment Grade Income Fund during the fourth quarter valued at approximately $249,000. Finally, 1607 Capital Partners LLC grew 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 valued at $8,288,000 after buying an additional 168,193 shares during the period. 18.99% of the stock is owned by hedge funds and other institutional investors.

About Western Asset Investment Grade Income Fund

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.