Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Up 53.9% in March

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 53,033 shares, a growth of 53.9% from the March 15th total of 34,455 shares. Based on an average daily volume of 66,372 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Western Asset Municipal High Income Fund by 68.8% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 4,220 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,720 shares during the period. Kestra Advisory Services LLC acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at $43,000. Osaic Holdings Inc. increased its position in Western Asset Municipal High Income Fund by 113.9% during the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after buying an additional 3,900 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the third quarter worth $71,000. Finally, Private Advisor Group LLC bought a new stake in shares of Western Asset Municipal High Income Fund in the third quarter valued at about $73,000.

Western Asset Municipal High Income Fund Price Performance

NYSE:MHF traded down $0.02 on Wednesday, hitting $6.94. The company’s stock had a trading volume of 46,983 shares, compared to its average volume of 57,798. Western Asset Municipal High Income Fund has a one year low of $6.61 and a one year high of $7.64. The stock has a fifty day moving average of $6.91 and a two-hundred day moving average of $6.96.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.034 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 5.9%.

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.