Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Down 65.9% in April

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,950 shares, a drop of 65.9% from the April 15th total of 35,054 shares. Based on an average daily volume of 50,244 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Several hedge funds have recently modified their holdings of MHF. Kestra Advisory Services LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter worth about $43,000. Osaic Holdings Inc. boosted its stake in shares of Western Asset Municipal High Income Fund by 113.9% during the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,900 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter worth about $71,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter worth about $73,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter worth about $73,000.

Western Asset Municipal High Income Fund Price Performance

Shares of Western Asset Municipal High Income Fund stock traded up $0.02 during mid-day trading on Friday, hitting $6.99. 36,592 shares of the stock were exchanged, compared to its average volume of 47,244. Western Asset Municipal High Income Fund has a twelve month low of $6.61 and a twelve month high of $7.64. The company has a 50-day simple moving average of $6.89 and a 200 day simple moving average of $6.93.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.034 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.