Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 60,600 shares, an increase of 413.6% from the September 30th total of 11,800 shares. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is presently 1.3 days.
Western Asset Intermediate Muni Fund Stock Down 0.5 %
SBI stock traded down $0.04 during mid-day trading on Friday, hitting $8.02. The company had a trading volume of 31,478 shares, compared to its average volume of 46,156. Western Asset Intermediate Muni Fund has a 12-month low of $6.96 and a 12-month high of $8.29. The company has a 50-day moving average price of $8.16 and a 200 day moving average price of $7.95.
Western Asset Intermediate Muni Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be issued a $0.042 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.28%.
Institutional Trading of Western Asset Intermediate Muni Fund
About Western Asset Intermediate Muni Fund
Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.
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