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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 21,284 shares, a drop of 53.1% from the December 15th total of 45,408 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 68,223 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 68,223 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MHF. ORG Wealth Partners LLC increased its position in Western Asset Municipal High Income Fund by 11.6% during the second quarter. ORG Wealth Partners LLC now owns 78,774 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 8,212 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Western Asset Municipal High Income Fund by 16.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 20,850 shares of the financial services provider’s stock valued at $145,000 after buying an additional 3,000 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth approximately $190,000. Prospera Financial Services Inc increased its holdings in shares of Western Asset Municipal High Income Fund by 6.6% during the 2nd quarter. Prospera Financial Services Inc now owns 153,411 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 9,481 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at approximately $92,000.

Western Asset Municipal High Income Fund Stock Up 0.1%

Shares of MHF stock traded up $0.01 on Wednesday, reaching $6.98. 53,956 shares of the company were exchanged, compared to its average volume of 53,368. Western Asset Municipal High Income Fund has a 1 year low of $6.61 and a 1 year high of $7.82. The business has a 50-day moving average price of $6.94 and a 200 day moving average price of $7.00.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.034 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, February 20th.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.