Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Decreases By 14.6%

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 103,200 shares, a drop of 14.6% from the February 28th total of 120,800 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,700 shares, the short-interest ratio is currently 1.5 days.

Western Asset Municipal High Income Fund Stock Down 0.9 %

NYSE MHF traded down $0.07 during trading hours on Friday, reaching $7.35. 34,781 shares of the company's stock were exchanged, compared to its average volume of 70,980. The firm has a fifty day moving average of $7.40 and a 200-day moving average of $7.19. Western Asset Municipal High Income Fund has a one year low of $6.51 and a one year high of $7.83.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.034 per share. This represents a dividend yield of 5.34%. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in shares of Western Asset Municipal High Income Fund by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 125,811 shares of the financial services provider's stock valued at $856,000 after purchasing an additional 1,901 shares during the last quarter. LPL Financial LLC boosted its position in Western Asset Municipal High Income Fund by 7.9% in the 4th quarter. LPL Financial LLC now owns 49,597 shares of the financial services provider's stock valued at $337,000 after buying an additional 3,650 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Western Asset Municipal High Income Fund by 4.2% in the 4th quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider's stock valued at $761,000 after buying an additional 4,543 shares during the period. Wells Fargo & Company MN increased its stake in shares of Western Asset Municipal High Income Fund by 11.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,865 shares of the financial services provider's stock valued at $353,000 after buying an additional 5,473 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Western Asset Municipal High Income Fund by 14.4% during the fourth quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 7,843 shares during the period.

Remove Ads

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.