Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Down 40.1% in February

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 6,609 shares, a decline of 40.1% from the January 29th total of 11,025 shares. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is currently 0.3 days.

Western Asset Intermediate Muni Fund Trading Up 0.3%

Shares of Western Asset Intermediate Muni Fund stock opened at $7.97 on Friday. The business has a 50-day moving average price of $7.84 and a two-hundred day moving average price of $7.81. Western Asset Intermediate Muni Fund has a 1-year low of $7.30 and a 1-year high of $8.01.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.042 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Thursday, May 21st.

Institutional Trading of Western Asset Intermediate Muni Fund

Large investors have recently modified their holdings of the stock. Horizon Kinetics Asset Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the 2nd quarter valued at $85,000. Private Advisor Group LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the third quarter valued at about $91,000. Captrust Financial Advisors acquired a new position in shares of Western Asset Intermediate Muni Fund during the second quarter valued at about $96,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $134,000. Finally, Janney Montgomery Scott LLC increased its position in Western Asset Intermediate Muni Fund by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,850 shares of the company’s stock valued at $152,000 after buying an additional 2,200 shares in the last quarter.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.