Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Drops By 14.6%

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 103,200 shares, a decrease of 14.6% from the February 28th total of 120,800 shares. Based on an average daily trading volume, of 70,700 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company’s stock are sold short.

Western Asset Municipal High Income Fund Stock Performance

MHF stock traded up $0.05 during trading hours on Wednesday, reaching $7.45. The stock had a trading volume of 8,692 shares, compared to its average volume of 64,434. The stock has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $7.19. Western Asset Municipal High Income Fund has a fifty-two week low of $6.51 and a fifty-two week high of $7.82.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.034 dividend. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 5.34%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MHF. GTS Securities LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at $88,000. Nomura Holdings Inc. acquired a new position in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $79,000. South Plains Financial Inc. bought a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at approximately $68,000. Raymond James Financial Inc. bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $6,569,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Western Asset Municipal High Income Fund by 11.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,865 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 5,473 shares during the last quarter.

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.