Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Decreases By 20.1%

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 29,800 shares, a drop of 20.1% from the December 15th total of 37,300 shares. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is presently 0.6 days.

Western Asset Intermediate Muni Fund Stock Up 0.3 %

Shares of SBI traded up $0.03 during trading hours on Friday, reaching $7.85. 24,122 shares of the company traded hands, compared to its average volume of 38,320. Western Asset Intermediate Muni Fund has a 12-month low of $7.60 and a 12-month high of $8.29. The stock’s fifty day moving average price is $7.95 and its 200 day moving average price is $8.03.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.042 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.50 dividend on an annualized basis and a yield of 6.42%.

Institutional Trading of Western Asset Intermediate Muni Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in Western Asset Intermediate Muni Fund in the second quarter worth approximately $818,000. Whitebox Advisors LLC increased its stake in shares of Western Asset Intermediate Muni Fund by 292.8% during the second quarter. Whitebox Advisors LLC now owns 169,444 shares of the company’s stock valued at $1,332,000 after buying an additional 126,303 shares during the period. Stephens Inc. AR bought a new stake in shares of Western Asset Intermediate Muni Fund in the third quarter valued at about $203,000. Carson Advisory Inc. purchased a new stake in Western Asset Intermediate Muni Fund in the third quarter worth about $733,000. Finally, Wolverine Asset Management LLC grew its holdings in Western Asset Intermediate Muni Fund by 66.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock worth $430,000 after acquiring an additional 20,884 shares in the last quarter.

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.