Short Interest in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Expands By 51.7%

Key Points

• Short interest in Western Asset Municipal High Income Fund Inc. rose by 51.7% in September, totaling 74,800 shares as of September 15th.
• The fund announced a monthly dividend of $0.034 per share, scheduled for payment on November 3rd, offering an annualized yield of 5.7%.
• Notable institutional trading activity includes Osaic Holdings Inc. increasing its stake by 113.9% during the second quarter, now owning 7,323 shares valued at $51,000.

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - ) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 74,800 shares, an increase of 51.7% from the August 31st total of 49,300 shares. Based on an average daily volume of 76,000 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 76,000 shares, the short-interest ratio is currently 1.0 days.

Western Asset Municipal High Income Fund Price Performance

NYSE MHF traded down $0.13 on Tuesday, hitting $7.12. The stock had a trading volume of 47,675 shares, compared to its average volume of 63,642. Western Asset Municipal High Income Fund has a one year low of $6.61 and a one year high of $7.82. The company's 50-day moving average is $7.08 and its two-hundred day moving average is $7.09.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be paid a dividend of $0.034 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Trading of Western Asset Municipal High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its position in 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 buying an additional 3,900 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth $92,000. Wealthcare Advisory Partners LLC increased its stake in shares of Western Asset Municipal High Income Fund by 64.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 17,850 shares of the financial services provider's stock worth $132,000 after purchasing an additional 7,000 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth $190,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Western Asset Municipal High Income Fund by 131.9% in the 1st 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 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.

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