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 significant increase in short interest in 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 daily volume of 67,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates lifted its position in Western Asset Municipal High Income Fund by 5.7% during the second quarter. Raymond James & Associates now owns 415,265 shares of the financial services provider’s stock valued at $2,815,000 after buying an additional 22,380 shares in the last quarter. Comerica Bank acquired a new position in Western Asset Municipal High Income Fund during the first quarter valued at approximately $102,000. Alpine Global Management LLC acquired a new position in Western Asset Municipal High Income Fund during the first quarter valued at approximately $136,000. ORG Partners LLC acquired a new position in Western Asset Municipal High Income Fund during the first quarter valued at approximately $460,000. Finally, Janney Montgomery Scott LLC lifted its position in Western Asset Municipal High Income Fund by 8.5% during the first quarter. Janney Montgomery Scott LLC now owns 84,295 shares of the financial services provider’s stock valued at $572,000 after buying an additional 6,593 shares in the last quarter.

Western Asset Municipal High Income Fund Price Performance

Western Asset Municipal High Income Fund stock traded up $0.02 during trading on Friday, reaching $6.99. The company had a trading volume of 133,122 shares, compared to its average volume of 64,207. Western Asset Municipal High Income Fund has a 12-month low of $5.92 and a 12-month high of $7.17. The stock’s 50 day moving average price is $6.81 and its two-hundred day moving average price is $6.72.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.034 per share. The ex-dividend date of this dividend is Friday, August 23rd.

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.