Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Short Interest Down 35.8% in August

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 7,085 shares, a decline of 35.8% from the July 30th total of 11,035 shares. Based on an average trading volume of 16,418 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Western Asset Investment Grade Income Fund Stock Performance

NYSE:PAI opened at $11.83 on Thursday. Western Asset Investment Grade Income Fund has a one year low of $11.72 and a one year high of $13.01. The business has a fifty day moving average price of $11.99 and a 200-day moving average price of $12.15.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Western Asset Investment Grade Income Fund in the 1st quarter worth $30,000. Kestra Advisory Services LLC bought a new position in shares of Western Asset Investment Grade Income Fund in the fourth quarter worth about $32,000. International Assets Investment Management LLC purchased a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter worth about $71,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Western Asset Investment Grade Income Fund by 4,791.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,848 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 6,708 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Western Asset Investment Grade Income Fund by 35.3% during the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,267 shares during the period. Institutional investors own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.