Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,950 shares, a drop of 65.9% from the April 15th total of 35,054 shares. Based on an average trading volume of 50,244 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Western Asset Municipal High Income Fund Price Performance
Shares of MHF traded up $0.02 during mid-day trading on Friday, hitting $6.99. The company had a trading volume of 36,592 shares, compared to its average volume of 47,244. The business’s 50-day simple moving average is $6.89 and its 200-day simple moving average is $6.93. Western Asset Municipal High Income Fund has a 1-year low of $6.61 and a 1-year high of $7.64.
Western Asset Municipal High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.034 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 5.8%.
Institutional Investors Weigh In On Western Asset Municipal High Income Fund
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.
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