Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Down 29.0% in April

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 106,100 shares, a decrease of 29.0% from the March 31st total of 149,500 shares. Currently, 0.5% of the company's shares are short sold. Based on an average trading volume of 63,300 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHF. Raymond James Financial Inc. bought a new stake in Western Asset Municipal High Income Fund in the 4th quarter valued at $6,569,000. ORG Wealth Partners LLC grew its position in 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 purchasing an additional 68,054 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Western Asset Municipal High Income Fund by 9.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider's stock worth $3,232,000 after buying an additional 42,433 shares during the last quarter. Collaborative Wealth Managment Inc. acquired a new position in Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $133,000. Finally, Independent Advisor Alliance bought a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter worth approximately $128,000.

Western Asset Municipal High Income Fund Stock Up 0.5 %

Western Asset Municipal High Income Fund stock traded up $0.04 during midday trading on Monday, hitting $7.36. 13,093 shares of the stock were exchanged, compared to its average volume of 71,115. Western Asset Municipal High Income Fund has a 52 week low of $6.51 and a 52 week high of $7.83. The company has a fifty day simple moving average of $7.32 and a two-hundred day simple moving average of $7.17.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders 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 yield of 5.34%.

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.