Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Update

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 21,400 shares, a decrease of 25.7% from the February 28th total of 28,800 shares. Based on an average daily volume of 56,200 shares, the days-to-cover ratio is currently 0.4 days.

Western Asset Intermediate Muni Fund Stock Up 0.2 %

Shares of NYSE SBI traded up $0.02 during midday trading on Monday, hitting $7.80. The company had a trading volume of 15,223 shares, compared to its average volume of 50,025. Western Asset Intermediate Muni Fund has a twelve month low of $7.60 and a twelve month high of $8.29. The business has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $7.96.

Western Asset Intermediate Muni Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.042 per share. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 6.44%.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its holdings 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 worth $101,000 after purchasing an additional 2,295 shares during the last quarter. PKS Advisory Services LLC acquired a new stake in Western Asset Intermediate Muni Fund in the fourth quarter valued at $108,000. LexAurum Advisors LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at $271,000. Wells Fargo & Company MN raised its stake in shares of Western Asset Intermediate Muni Fund by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock worth $347,000 after buying an additional 3,450 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter worth about $389,000.

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.