Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Decreases By 53.1%

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 21,284 shares, a decrease of 53.1% from the December 15th total of 45,408 shares. Based on an average trading volume of 68,223 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 68,223 shares, the days-to-cover ratio is presently 0.3 days.

Western Asset Municipal High Income Fund Trading Down 0.1%

NYSE MHF traded down $0.01 during trading on Friday, reaching $6.96. 72,189 shares of the company’s stock traded hands, compared to its average volume of 51,436. Western Asset Municipal High Income Fund has a 12-month low of $6.61 and a 12-month high of $7.82. The company’s 50 day simple moving average is $6.94 and its two-hundred day simple moving average is $7.00.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.034 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its stake in shares of Western Asset Municipal High Income Fund by 24.0% during the second quarter. Guggenheim Capital LLC now owns 505,298 shares of the financial services provider’s stock worth $3,512,000 after buying an additional 97,670 shares during the period. Raymond James Financial Inc. increased its position in shares of Western Asset Municipal High Income Fund by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,035,945 shares of the financial services provider’s stock valued at $7,200,000 after acquiring an additional 84,431 shares during the period. Envestnet Asset Management Inc. purchased a new position in Western Asset Municipal High Income Fund in the 3rd quarter worth $442,000. Ashton Thomas Private Wealth LLC acquired a new stake in Western Asset Municipal High Income Fund during the 3rd quarter worth about $250,000. Finally, Bank of America Corp DE grew its stake in Western Asset Municipal High Income Fund by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 582,865 shares of the financial services provider’s stock valued at $4,051,000 after purchasing an additional 30,265 shares during 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.