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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 11,950 shares, a decline of 65.9% from the April 15th total of 35,054 shares. Based on an average daily trading volume, of 50,244 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Western Asset Municipal High Income Fund Price Performance

Shares of NYSE:MHF traded up $0.02 on Friday, reaching $6.99. The company had a trading volume of 36,592 shares, compared to its average volume of 47,244. Western Asset Municipal High Income Fund has a twelve month low of $6.61 and a twelve month high of $7.64. The stock has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.93.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders 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) dividend on an annualized basis and a dividend yield of 5.8%.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors have recently made changes to their positions in MHF. Cetera Investment Advisers bought a new position in shares of Western Asset Municipal High Income Fund in the second quarter worth about $92,000. Raymond James Financial Inc. increased its stake in shares of Western Asset Municipal High Income Fund by 8.9% in the second quarter. Raymond James Financial Inc. now owns 1,035,945 shares of the financial services provider’s stock worth $7,200,000 after purchasing an additional 84,431 shares during the period. Bank of America Corp DE increased its stake in shares of Western Asset Municipal High Income Fund by 5.5% in the second quarter. Bank of America Corp DE now owns 582,865 shares of the financial services provider’s stock worth $4,051,000 after purchasing an additional 30,265 shares during the period. Osaic Holdings Inc. increased its stake 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 worth $51,000 after purchasing an additional 3,900 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Western Asset Municipal High Income Fund in the third quarter worth about $71,000.

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.