Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Rating) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,900 shares, a drop of 71.0% from the April 30th total of 10,000 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is currently 0.1 days.
Shares of NYSE:SBI traded up $0.12 during midday trading on Thursday, hitting $8.18. The stock had a trading volume of 400 shares, compared to its average volume of 23,082. The stock has a 50 day moving average price of $8.19 and a two-hundred day moving average price of $8.95. Western Asset Intermediate Muni Fund has a 1 year low of $7.72 and a 1 year high of $9.99.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th will be paid a dividend of $0.0235 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.28 annualized dividend and a yield of 3.45%.
About Western Asset Intermediate Muni Fund (Get Rating)
Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.
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