Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Increases By 18.1%

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 120,800 shares, a growth of 18.1% from the February 13th total of 102,300 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is presently 1.7 days.

Western Asset Municipal High Income Fund Price Performance

MHF stock traded up $0.08 during mid-day trading on Thursday, hitting $7.59. 25,717 shares of the company were exchanged, compared to its average volume of 65,934. The firm has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $7.17. Western Asset Municipal High Income Fund has a twelve month low of $6.51 and a twelve month high of $7.79.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.034 per share. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Western Asset Municipal High Income Fund by 14.4% during the 4th quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 7,843 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Western Asset Municipal High Income Fund by 4.2% during the fourth quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 4,543 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Western Asset Municipal High Income Fund by 9.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock worth $3,232,000 after buying an additional 42,433 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Western Asset Municipal High Income Fund by 9.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock valued at $929,000 after buying an additional 11,000 shares during the period. Finally, Prospera Financial Services Inc lifted its holdings in Western Asset Municipal High Income Fund by 28.7% in the third quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 25,677 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.