Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) was the target of a significant 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 daily trading volume, of 67,700 shares, the short-interest ratio is currently 1.1 days.
Western Asset Municipal High Income Fund Trading Up 0.3 %
NYSE:MHF opened at $6.99 on Friday. Western Asset Municipal High Income Fund has a 12 month low of $5.92 and a 12 month high of $7.17. The firm has a fifty day simple moving average of $6.81 and a 200-day simple moving average of $6.72.
Western Asset Municipal High Income Fund Dividend Announcement
The company 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.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MHF. Raymond James & Associates boosted its position in Western Asset Municipal High Income Fund by 5.7% in 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 during the last quarter. Comerica Bank acquired a new stake in shares of Western Asset Municipal High Income Fund in the first quarter worth $102,000. Alpine Global Management LLC purchased a new position in shares of Western Asset Municipal High Income Fund during the first quarter worth $136,000. ORG Partners LLC acquired a new position in Western Asset Municipal High Income Fund during the first quarter valued at $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 purchasing an additional 6,593 shares during the period.
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.
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