Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Rating) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 2,900 shares, a decrease of 71.0% from the April 30th total of 10,000 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 0.1 days.
Shares of Western Asset Intermediate Muni Fund stock traded up $0.08 on Friday, reaching $8.23. The stock had a trading volume of 37,325 shares, compared to its average volume of 23,494. Western Asset Intermediate Muni Fund has a 1 year low of $7.72 and a 1 year high of $9.99. The business’s 50 day moving average is $8.17 and its two-hundred day moving average is $8.93.
The company also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th will be issued a $0.0235 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, August 23rd.
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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