Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Down 20.1% in December

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 29,800 shares, a decline of 20.1% from the December 15th total of 37,300 shares. Based on an average daily trading volume, of 52,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SBI. Rivernorth Capital Management LLC increased its position in Western Asset Intermediate Muni Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock worth $13,734,000 after purchasing an additional 45,940 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of Western Asset Intermediate Muni Fund by 1.2% during the third quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after buying an additional 1,994 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Western Asset Intermediate Muni Fund by 22.8% in the third quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after buying an additional 2,295 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Western Asset Intermediate Muni Fund by 23.6% in the 3rd quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after buying an additional 51,543 shares during the period. Finally, Wolverine Asset Management LLC grew its position in Western Asset Intermediate Muni Fund by 66.1% during the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock valued at $430,000 after acquiring an additional 20,884 shares during the period.

Western Asset Intermediate Muni Fund Price Performance

Shares of NYSE:SBI traded up $0.04 on Friday, reaching $7.86. The company’s stock had a trading volume of 1,647 shares, compared to its average volume of 36,150. Western Asset Intermediate Muni Fund has a 52-week low of $7.60 and a 52-week high of $8.29. The stock’s 50-day moving average is $7.95 and its two-hundred day moving average is $8.03.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.042 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.50 dividend on an annualized basis and a yield of 6.42%.

Western Asset Intermediate Muni Fund Company Profile

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.