Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Update

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 58,485 shares, an increase of 389.4% from the April 30th total of 11,950 shares. Based on an average daily volume of 45,331 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are short sold.

Western Asset Municipal High Income Fund Stock Down 0.0%

Shares of NYSE:MHF traded down $0.00 on Thursday, hitting $6.92. 56,788 shares of the company’s stock were exchanged, compared to its average volume of 55,790. Western Asset Municipal High Income Fund has a 12 month low of $6.61 and a 12 month high of $7.64. The business’s 50 day simple moving average is $6.89 and its two-hundred day simple moving average is $6.92.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.034 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Trading of Western Asset Municipal High Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of Western Asset Municipal High Income Fund by 8.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,432 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,839 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Western Asset Municipal High Income Fund by 0.4% in the third quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock valued at $4,231,000 after acquiring an additional 2,350 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Western Asset Municipal High Income Fund by 24.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 3,452 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Western Asset Municipal High Income Fund by 113.9% in the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of Western Asset Municipal High Income Fund by 20.5% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 27,652 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 4,702 shares in the last quarter.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.