Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Declines By 25.7%

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

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

A number of institutional investors have recently modified their holdings of the company. Whitebox Advisors LLC grew its stake in Western Asset Intermediate Muni Fund by 1.2% in the 3rd quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after acquiring an additional 1,994 shares during the period. HighTower Advisors LLC boosted its holdings in shares of 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. Wells Fargo & Company MN boosted its holdings in shares of 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 worth $347,000 after purchasing an additional 3,450 shares during the last quarter. Waverly Advisors LLC grew its position in shares of Western Asset Intermediate Muni Fund by 4.6% in the fourth quarter. Waverly Advisors LLC now owns 86,525 shares of the company’s stock valued at $670,000 after purchasing an additional 3,766 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in Western Asset Intermediate Muni Fund by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 155,610 shares of the company’s stock valued at $1,204,000 after purchasing an additional 4,090 shares during the last quarter.

Western Asset Intermediate Muni Fund Trading Up 0.2 %

Western Asset Intermediate Muni Fund stock traded up $0.02 during midday trading on Monday, reaching $7.80. 15,223 shares of the company were exchanged, compared to its average volume of 50,025. The firm’s 50-day simple moving average is $7.83 and its 200-day simple moving average is $7.96. Western Asset Intermediate Muni Fund has a 1 year low of $7.60 and a 1 year high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

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

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.