Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Update

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 35,054 shares, a decrease of 33.9% from the March 31st total of 53,033 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 54,664 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Western Asset Municipal High Income Fund by 8.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,432 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,839 shares during the period. Bank of America Corp DE grew its holdings in shares of Western Asset Municipal High Income Fund by 0.4% in the 3rd quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock worth $4,231,000 after acquiring an additional 2,350 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Western Asset Municipal High Income Fund by 24.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 3,452 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Western Asset Municipal High Income Fund by 113.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,900 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Western Asset Municipal High Income Fund by 20.5% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 27,652 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 4,702 shares during the period.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF stock traded up $0.04 during trading hours on Thursday, reaching $6.85. 57,698 shares of the company’s stock were exchanged, compared to its average volume of 46,578. The company’s 50 day moving average is $6.89 and its two-hundred day moving average is $6.94. Western Asset Municipal High Income Fund has a 1 year low of $6.61 and a 1 year high of $7.64.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.034 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.