Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Grows By 159.5%

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 75,000 shares, an increase of 159.5% from the June 30th total of 28,900 shares. Based on an average trading volume of 67,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

A number of hedge funds have recently added to or reduced their stakes in MHF. Venturi Wealth Management LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC lifted its holdings in Western Asset Municipal High Income Fund by 546.1% during the 4th quarter. International Assets Investment Management LLC now owns 61,815 shares of the financial services provider’s stock worth $397,000 after buying an additional 52,247 shares in the last quarter. Signaturefd LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $39,000. Wolverine Asset Management LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $171,000. Finally, Stonebrook Private Inc. acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $128,000.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF stock traded up $0.02 during trading hours on Friday, hitting $6.99. The company had a trading volume of 133,122 shares, compared to its average volume of 64,207. The company’s fifty day moving average is $6.81 and its 200 day moving average is $6.72. Western Asset Municipal High Income Fund has a fifty-two week low of $5.92 and a fifty-two week high of $7.17.

Western Asset Municipal High Income Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be issued a $0.034 dividend. The ex-dividend date is Friday, August 23rd.

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.