Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Down 87.7% in August

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,902 shares, a decrease of 87.7% from the July 30th total of 40,004 shares. Based on an average daily volume of 50,314 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 2nd quarter valued at about $32,000. 49 Wealth Management LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the second quarter worth about $84,000. Private Advisor Group LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the third quarter worth approximately $91,000. Captrust Financial Advisors purchased a new stake in Western Asset Intermediate Muni Fund in the second quarter valued at approximately $96,000. Finally, Closed End Fund Advisors Inc. purchased a new stake in Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $134,000.

Western Asset Intermediate Muni Fund Stock Up 0.1%

Shares of SBI traded up $0.01 during mid-day trading on Friday, reaching $7.63. 33,061 shares of the stock traded hands, compared to its average volume of 43,717. The firm has a fifty day moving average price of $7.73 and a 200 day moving average price of $7.78. Western Asset Intermediate Muni Fund has a 1 year low of $7.52 and a 1 year high of $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a yield of 6.6%.

About Western Asset Intermediate Muni Fund

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.