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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a large decrease in short interest in 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 currently 1.5 days. Currently, 0.5% of the company’s stock are short sold.

Western Asset Municipal High Income Fund Trading Up 0.6 %

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

Western Asset Municipal High Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Several institutional investors have recently bought and sold shares of the stock. South Plains Financial Inc. bought a new stake in Western Asset Municipal High Income Fund in the 4th quarter worth about $68,000. Nomura Holdings Inc. bought a new stake in Western Asset Municipal High Income Fund in the 4th quarter valued at about $79,000. Vista Investment Partners II LLC purchased a new stake in Western Asset Municipal High Income Fund during the fourth quarter valued at about $81,000. GTS Securities LLC bought a new position in Western Asset Municipal High Income Fund during the fourth quarter worth about $88,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter worth about $93,000.

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.