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) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 149,500 shares, an increase of 44.9% from the March 15th total of 103,200 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 64,500 shares, the days-to-cover ratio is presently 2.3 days.

Western Asset Municipal High Income Fund Stock Performance

MHF stock opened at $6.99 on Friday. Western Asset Municipal High Income Fund has a twelve month low of $6.51 and a twelve month high of $7.83. The business has a fifty day moving average of $7.39 and a 200-day moving average of $7.18.

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 given a dividend of $0.034 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 5.34%.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Several institutional investors have recently modified their holdings of MHF. Wealthcare Advisory Partners LLC boosted 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 acquiring an additional 7,000 shares during the last quarter. GTS Securities LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $88,000. Nomura Holdings Inc. bought a new stake in Western Asset Municipal High Income Fund in the fourth quarter valued at about $79,000. South Plains Financial Inc. acquired a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at about $68,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Western Asset Municipal High Income Fund during the 4th quarter worth about $6,569,000.

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.