Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Sees Large Decline in Short Interest

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 59,800 shares, a drop of 14.6% from the November 30th total of 70,000 shares. Based on an average daily volume of 69,600 shares, the short-interest ratio is presently 0.9 days.

Western Asset Municipal High Income Fund Stock Up 0.1 %

Shares of MHF traded up $0.01 during mid-day trading on Tuesday, hitting $6.88. 65,895 shares of the company were exchanged, compared to its average volume of 68,565. Western Asset Municipal High Income Fund has a 1-year low of $6.35 and a 1-year high of $7.39. The company has a 50 day moving average of $7.05 and a 200-day moving average of $7.07.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a $0.034 dividend. The ex-dividend date is Friday, January 24th.

Institutional Trading of Western Asset Municipal High Income Fund

Several large investors have recently made changes to their positions in MHF. International Assets Investment Management LLC acquired a new stake in shares of Western Asset Municipal High Income Fund in the second quarter valued at approximately $66,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Western Asset Municipal High Income Fund in the 3rd quarter worth $139,000. PFG Investments LLC acquired a new stake in shares of Western Asset Municipal High Income Fund in the 3rd quarter worth $145,000. Sanctuary Advisors LLC purchased a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth $137,000. Finally, Rothschild Investment LLC acquired a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at about $217,000.

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.