Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Rating) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,800 shares, a decrease of 62.7% from the May 15th total of 7,500 shares. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is currently 0.1 days.
PAI stock opened at $12.25 on Friday. The firm has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $13.92. Western Asset Investment Grade Income Fund has a one year low of $12.24 and a one year high of $17.41.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.0465 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.56 annualized dividend and a dividend yield of 4.56%.
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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