Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Up 44.9% in March

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 149,500 shares, a growth of 44.9% from the March 15th total of 103,200 shares. Based on an average daily trading volume, of 64,500 shares, the short-interest ratio is presently 2.3 days. Approximately 0.7% of the company's shares are short sold.

Western Asset Municipal High Income Fund Price Performance

MHF stock traded up $0.03 during trading on Wednesday, reaching $6.98. 55,618 shares of the stock traded hands, compared to its average volume of 71,624. The business's 50 day moving average price is $7.38 and its 200-day moving average price is $7.18. Western Asset Municipal High Income Fund has a 52-week low of $6.51 and a 52-week high of $7.83.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.034 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 5.34%.

Institutional Trading of Western Asset Municipal High Income Fund

Several large investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC grew its stake in shares of Western Asset Municipal High Income Fund by 2,713.5% in the first quarter. ORG Wealth Partners LLC now owns 70,562 shares of the financial services provider's stock valued at $522,000 after buying an additional 68,054 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Western Asset Municipal High Income Fund by 64.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 17,850 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 7,000 shares during the period. GTS Securities LLC acquired a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $88,000. Nomura Holdings Inc. acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at $79,000. Finally, South Plains Financial Inc. purchased a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth $68,000.

About Western Asset Municipal High Income Fund

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.