Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Up 318.6% in August

Posted by Geri Gentry on Sep 14th, 2026

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 20,521 shares, an increase of 318.6% from the August 15th total of 4,902 shares. Based on an average daily trading volume, of 32,895 shares, the days-to-cover ratio is currently 0.6 days.

Western Asset Intermediate Muni Fund Stock Performance

NYSE:SBI opened at $7.43 on Monday. The stock’s 50 day moving average price is $7.67 and its 200 day moving average price is $7.75. Western Asset Intermediate Muni Fund has a 52 week low of $7.42 and a 52 week high of $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.042 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

Several hedge funds have recently bought and sold shares of SBI. Rivernorth Capital Management LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 3.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,231,561 shares of the company’s stock worth $9,692,000 after buying an additional 43,628 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Western Asset Intermediate Muni Fund by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 399,208 shares of the company’s stock valued at $3,066,000 after acquiring an additional 65,251 shares during the last quarter. Invesco Ltd. raised its stake in shares of Western Asset Intermediate Muni Fund by 13.0% in the 4th quarter. Invesco Ltd. now owns 301,003 shares of the company’s stock valued at $2,312,000 after acquiring an additional 34,631 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Western Asset Intermediate Muni Fund by 204.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 275,915 shares of the company’s stock valued at $2,171,000 after acquiring an additional 185,385 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Western Asset Intermediate Muni Fund by 11.9% in the 4th quarter. LPL Financial LLC now owns 190,855 shares of the company’s stock worth $1,466,000 after purchasing an additional 20,265 shares during the last quarter.

About Western Asset Intermediate Muni Fund

(Get Free Report)

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.