Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Up 19.4% in January

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw 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 daily trading volume, of 67,600 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth approximately $6,569,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Western Asset Municipal High Income Fund by 9.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock worth $3,232,000 after purchasing an additional 42,433 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Western Asset Municipal High Income Fund by 9.4% during the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 11,000 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Western Asset Municipal High Income Fund by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 125,811 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 1,901 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of Western Asset Municipal High Income Fund by 28.7% during the third quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 25,677 shares during the last quarter.

Western Asset Municipal High Income Fund Price Performance

NYSE MHF traded down $0.02 on Friday, reaching $7.38. The stock had a trading volume of 108,938 shares, compared to its average volume of 67,825. Western Asset Municipal High Income Fund has a 12-month low of $6.51 and a 12-month high of $7.47. The business’s 50-day moving average price is $7.03 and its 200 day moving average price is $7.10.

Western Asset Municipal High Income Fund Dividend Announcement

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