Western Asset Investment Grade Opportunity Trust Stock Price, News & Analysis
Company Description
Western Asset Investment Grade Opportunity Trust Inc. is a diversified closed-end management investment company whose common shares trade on the New York Stock Exchange under the symbol IGI. The Fund seeks current income and capital appreciation through a portfolio focused primarily on investment-grade corporate fixed-income securities of varying maturities.
The Fund is managed by Franklin Templeton Fund Adviser, LLC and subadvised by Western Asset Management Company, LLC and certain foreign-based affiliates of Western Asset Management. Franklin Templeton Fund Adviser and Western Asset Management are indirect wholly owned subsidiaries of Franklin Resources, Inc., which operates as Franklin Templeton.
IGI operates as a closed-end fund rather than an open-end mutual fund. Its common shares trade on an exchange, while the Fund's portfolio is valued through net asset value calculations. The Fund's structure gives shareholders exposure to an actively managed investment-grade fixed-income portfolio through a listed common stock.
The Fund previously operated as Western Asset Investment Grade Defined Opportunity Trust Inc. Stockholders approved the elimination of the Fund's defined term and its fundamental policy to liquidate on or about its scheduled term date. After completion of the related issuer tender offer, the Fund implemented the conversion to a perpetual fund structure and continues to trade under the ticker IGI.
Recurring corporate matters for the Fund include shareholder meetings, director elections, independent registered public accountant ratification, adviser and subadviser relationships, tender offers, net asset value-based repurchases, and governance actions associated with its closed-end fund structure.
Stock Performance
Western Asset Investment Grade Opportunity Trust (IGI) stock last traded at $16.05, up 0.06% from the previous close. Over the past 12 months, the stock has lost 2.4%. At a market capitalization of $96.1M, IGI is classified as a micro-cap stock with approximately 6.0M shares outstanding.
IGI Rankings
Latest News
Western Asset Investment Grade Opportunity Trust has 10 recent news articles. Of the recent coverage, 6 articles coincided with positive price movement and 4 with negative movement. View all IGI news →
SEC Filings
Western Asset Investment Grade Opportunity Trust has filed 5 recent SEC filings, including 2 Form SCHEDULE 13G/A, 1 Form 3, 1 Form SCHEDULE 13G, 1 Form DEF 14A. The most recent filing was submitted on May 15, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all IGI SEC filings →
Financial Highlights
Upcoming Events
Fiscal year end
Western Asset Investment Grade Opportunity Trust has 1 upcoming scheduled event. The next event, "Fiscal year end", is scheduled for November 30, 2026 (in 169 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the IGI stock price.
Short Interest History
Short interest in Western Asset Investment Grade Opportunity Trust (IGI) currently stands at 591 shares, down 78.1% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 98%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Western Asset Investment Grade Opportunity Trust (IGI) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 23.7% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 1.8 days.
IGI Company Profile & Sector Positioning
Western Asset Investment Grade Opportunity Trust (IGI) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE.
Investors comparing IGI often look at related companies in the same sector, including Western Asset Intermediate Municipal Fund (SBI), DWS Strategic Muni Income (KSM), Allspring Utilities and High Income Fund (ERH), The Central and Eastern Europe Fund, Inc. (CEE), and Phenixfin Corp (PFX). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate IGI's relative position within its industry.