Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Sees Large Decrease in Short Interest

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 41,300 shares, a drop of 36.1% from the September 30th total of 64,600 shares. Based on an average trading volume of 66,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 66,700 shares, the short-interest ratio is currently 0.6 days.

Western Asset Municipal High Income Fund Trading Down 1.4%

NYSE MHF traded down $0.10 during mid-day trading on Monday, hitting $6.95. The company’s stock had a trading volume of 63,727 shares, compared to its average volume of 65,297. Western Asset Municipal High Income Fund has a 52-week low of $6.61 and a 52-week high of $7.82. The stock’s fifty day simple moving average is $7.16 and its two-hundred day simple moving average is $7.05.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be issued a $0.034 dividend. The ex-dividend date is Friday, October 24th. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC raised its holdings in Western Asset Municipal High Income Fund by 11.6% in the second quarter. ORG Wealth Partners LLC now owns 78,774 shares of the financial services provider’s stock valued at $555,000 after buying an additional 8,212 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Western Asset Municipal High Income Fund in the second quarter valued at approximately $190,000. Wealthcare Advisory Partners LLC raised its holdings in Western Asset Municipal High Income Fund by 16.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 20,850 shares of the financial services provider’s stock valued at $145,000 after buying an additional 3,000 shares during the period. Invesco Ltd. purchased a new position in Western Asset Municipal High Income Fund in the first quarter valued at approximately $475,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Western Asset Municipal High Income Fund by 131.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 29,228 shares of the financial services provider’s stock valued at $217,000 after buying an additional 16,622 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.