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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 97,500 shares, a growth of 29.0% from the April 30th total of 75,600 shares. Currently, 0.5% of the company's stock are sold short. Based on an average trading volume of 47,900 shares, the days-to-cover ratio is presently 2.0 days.

Western Asset Municipal High Income Fund Trading Down 0.2%

NYSE:MHF traded down $0.02 on Thursday, hitting $6.92. 37,505 shares of the company's stock traded hands, compared to its average volume of 68,248. Western Asset Municipal High Income Fund has a 1 year low of $6.65 and a 1 year high of $7.83. The firm has a 50-day moving average price of $7.19 and a 200-day moving average price of $7.19.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be given a dividend of $0.034 per share. This represents a $0.41 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Friday, August 22nd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Western Asset Municipal High Income Fund by 131.9% during 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 acquiring an additional 16,622 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Western Asset Municipal High Income Fund during the first quarter worth $475,000. ORG Wealth Partners LLC boosted its position in Western Asset Municipal High Income Fund by 2,713.5% during the first quarter. ORG Wealth Partners LLC now owns 70,562 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 68,054 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in Western Asset Municipal High Income Fund by 64.5% in 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 in the last quarter. Finally, GTS Securities LLC purchased a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at about $88,000.

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.