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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 66,400 shares, a growth of 19.4% from the January 15th total of 55,600 shares. Based on an average trading volume of 67,600 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Western Asset Municipal High Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. South Plains Financial Inc. bought a new stake in Western Asset Municipal High Income Fund in the fourth quarter worth $68,000. Raymond James Financial Inc. bought a new stake in Western Asset Municipal High Income Fund in the fourth quarter worth $6,569,000. Wells Fargo & Company MN raised its stake in shares of Western Asset Municipal High Income Fund by 11.8% during the fourth quarter. Wells Fargo & Company MN now owns 51,865 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 5,473 shares during the last quarter. PKS Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at about $95,000. Finally, LPL Financial LLC raised its stake in shares of Western Asset Municipal High Income Fund by 7.9% during the fourth quarter. LPL Financial LLC now owns 49,597 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 3,650 shares during the last quarter.

Western Asset Municipal High Income Fund Stock Performance

Western Asset Municipal High Income Fund stock traded down $0.02 during mid-day trading on Monday, hitting $7.38. The company’s stock had a trading volume of 108,938 shares, compared to its average volume of 67,825. The business has a 50 day moving average price of $7.03 and a 200-day moving average price of $7.11. Western Asset Municipal High Income Fund has a 12 month low of $6.51 and a 12 month high of $7.47.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 27th were paid a $0.034 dividend. This represents a yield of 5.75%. The ex-dividend date was Friday, January 24th.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.