Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Update

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 11,025 shares, a decline of 62.1% from the January 15th total of 29,060 shares. Based on an average daily volume of 37,866 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 37,866 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Western Asset Intermediate Muni Fund by 13.5% in the 1st quarter. Royal Bank of Canada now owns 30,278 shares of the company’s stock worth $236,000 after buying an additional 3,600 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Western Asset Intermediate Muni Fund by 29.3% during the second quarter. Wolverine Asset Management LLC now owns 43,898 shares of the company’s stock worth $330,000 after acquiring an additional 9,943 shares during the period. Traub Capital Management LLC purchased a new position in Western Asset Intermediate Muni Fund in the second quarter worth $982,000. Horizon Kinetics Asset Management LLC purchased a new position in Western Asset Intermediate Muni Fund in the second quarter worth $85,000. Finally, Invesco Ltd. grew its stake in Western Asset Intermediate Muni Fund by 55.5% in the 2nd quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock valued at $1,542,000 after purchasing an additional 73,181 shares during the period.

Western Asset Intermediate Muni Fund Stock Up 0.0%

Shares of Western Asset Intermediate Muni Fund stock traded up $0.00 during trading hours on Friday, reaching $7.98. The company’s stock had a trading volume of 63,018 shares, compared to its average volume of 34,814. The stock’s fifty day simple moving average is $7.80 and its two-hundred day simple moving average is $7.79. Western Asset Intermediate Muni Fund has a one year low of $7.30 and a one year high of $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.042 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.