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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 66,400 shares, an increase 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.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. South Plains Financial Inc. purchased a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at about $68,000. Vista Investment Partners II LLC purchased a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at about $81,000. Commonwealth Equity Services LLC purchased a new stake in Western Asset Municipal High Income Fund in the fourth quarter worth about $93,000. PKS Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $95,000. Finally, Independent Advisor Alliance bought a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $128,000.

Western Asset Municipal High Income Fund Stock Performance

Shares of NYSE:MHF traded down $0.02 during midday trading on Monday, hitting $7.38. 108,938 shares of the stock traded hands, compared to its average volume of 67,825. Western Asset Municipal High Income Fund has a one year low of $6.51 and a one year high of $7.47. The business’s 50 day moving average is $7.03 and its two-hundred day moving average is $7.11.

Western Asset Municipal High Income Fund Announces Dividend

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

Western Asset Municipal High Income Fund Company Profile

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.