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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 58,485 shares, an increase of 389.4% from the April 30th total of 11,950 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 45,331 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Western Asset Municipal High Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $43,000. Osaic Holdings Inc. lifted its position in shares of Western Asset Municipal High Income Fund by 113.9% during 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 last quarter. Private Advisor Group LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the third quarter worth $73,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $73,000. Finally, Cetera Investment Advisers bought a new stake in shares of Western Asset Municipal High Income Fund during the second quarter worth $92,000.

Western Asset Municipal High Income Fund Stock Down 0.0%

MHF traded down $0.00 during trading on Thursday, reaching $6.92. The company had a trading volume of 56,788 shares, compared to its average volume of 55,790. The business has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $6.92. Western Asset Municipal High Income Fund has a 52 week low of $6.61 and a 52 week high of $7.64.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.034 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, August 24th.

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.