Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Up 94.6% in February

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 28,800 shares, an increase of 94.6% from the February 13th total of 14,800 shares. Based on an average daily trading volume, of 57,900 shares, the days-to-cover ratio is currently 0.5 days.

Western Asset Intermediate Muni Fund Trading Down 0.1 %

NYSE:SBI opened at $7.77 on Friday. The company’s 50 day moving average price is $7.83 and its 200-day moving average price is $7.99. Western Asset Intermediate Muni Fund has a 52 week low of $7.60 and a 52 week high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.042 per share. The ex-dividend date is Monday, March 24th. This represents a $0.50 dividend on an annualized basis and a yield of 6.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBI. HighTower Advisors LLC lifted its position in Western Asset Intermediate Muni Fund by 22.8% during the third quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after purchasing an additional 2,295 shares during the period. PKS Advisory Services LLC bought a new position in Western Asset Intermediate Muni Fund during the fourth quarter valued at approximately $108,000. LexAurum Advisors LLC bought a new position in Western Asset Intermediate Muni Fund during the fourth quarter valued at approximately $271,000. Wells Fargo & Company MN lifted its position in Western Asset Intermediate Muni Fund by 8.3% during the fourth quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock valued at $347,000 after purchasing an additional 3,450 shares during the period. Finally, Independent Advisor Alliance bought a new position in Western Asset Intermediate Muni Fund during the fourth quarter valued at approximately $389,000.

Western Asset Intermediate Muni Fund Company Profile

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.