Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Update

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 29,060 shares, a growth of 355.1% from the December 31st total of 6,385 shares. Based on an average daily trading volume, of 43,904 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 43,904 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

A number of institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its holdings in Western Asset Intermediate Muni Fund by 55.5% in the 2nd quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock worth $1,542,000 after purchasing an additional 73,181 shares during the period. Raymond James Financial Inc. increased its position in shares of Western Asset Intermediate Muni Fund by 6.6% in the second quarter. Raymond James Financial Inc. now owns 189,929 shares of the company’s stock valued at $1,428,000 after buying an additional 11,720 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the 2nd quarter worth approximately $982,000. Whipplewood Advisors LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 5.1% during the 3rd quarter. Whipplewood Advisors LLC now owns 89,424 shares of the company’s stock valued at $707,000 after buying an additional 4,338 shares in the last quarter. Finally, Melfa Wealth Management Inc. lifted its position in shares of Western Asset Intermediate Muni Fund by 34.4% during the 2nd quarter. Melfa Wealth Management Inc. now owns 46,347 shares of the company’s stock valued at $349,000 after buying an additional 11,850 shares in the last quarter.

Western Asset Intermediate Muni Fund Trading Up 0.9%

Western Asset Intermediate Muni Fund stock traded up $0.07 during mid-day trading on Thursday, hitting $7.87. The company had a trading volume of 52,804 shares, compared to its average volume of 41,200. Western Asset Intermediate Muni Fund has a 12-month low of $7.30 and a 12-month high of $8.01. The company’s fifty day moving average is $7.76 and its 200-day moving average is $7.77.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.042 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.