Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Down 31.3% in March

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Western Asset Investment Grade Income Fund Inc. (NYSE: PAIGet Rating) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,200 shares, a drop of 31.3% from the March 15th total of 3,200 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 0.1 days.

Shares of PAI stock traded down $ 0.14 during trading hours on Friday, hitting $ 12.99. 16,844 shares of the company were exchanged, compared to its average volume of 21,606. The firm has a fifty day simple moving average of $ 13.53 and a 200 day simple moving average of $ 14.82. Western Asset Investment Grade Income Fund has a 52-week low of $ 12.88 and a 52-week high of $ 17.41.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd will be paid a dividend of $ 0.0465 per share. The ex-dividend date of this dividend is Friday, May 20th. This represents a $ 0.56 annualized dividend and a dividend yield of 4.30%.

Several hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC increased its stake in shares of Western Asset Investment Grade Income Fund by 6.1% during the 4th quarter. Guggenheim Capital LLC now owns 75,822 shares of the financial services provider’s stock worth $ 1,185,000 after purchasing an additional 4,348 shares during the last quarter. UBS Group AG increased its stake in shares of Western Asset Investment Grade Income Fund by 48.5% during the 3rd quarter. UBS Group AG now owns 70,375 shares of the financial services provider’s stock worth $ 1,103,000 after purchasing an additional 22,992 shares during the last quarter. Fiera Capital Corp increased its stake in shares of Western Asset Investment Grade Income Fund by 2.6% during the 4th quarter. Fiera Capital Corp now owns 54,499 shares of the financial services provider’s stock worth $ 852,000 after purchasing an additional 1,385 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Western Asset Investment Grade Income Fund by 1.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 43,437 shares of the financial services provider’s stock worth $ 681,000 after purchasing an additional 759 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in shares of Western Asset Investment Grade Income Fund by 3.8% during the 4th quarter. Granite Investment Partners LLC now owns 42,403 shares of the financial services provider’s stock worth $ 663,000 after purchasing an additional 1,564 shares during the last quarter. Institutional investors own 22.18% of the company’s stock.

Western Asset Investment Grade Income Fund Company Profile (Get Rating)

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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