Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Update

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 37,561 shares, a growth of 76.5% from the December 31st total of 21,284 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 46,270 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 46,270 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Western Asset Municipal High Income Fund Price Performance

Shares of NYSE:MHF traded down $0.00 during midday trading on Friday, reaching $6.88. The company had a trading volume of 40,701 shares, compared to its average volume of 55,419. Western Asset Municipal High Income Fund has a 52-week low of $6.61 and a 52-week high of $7.82. The company’s 50 day moving average price is $6.92 and its 200 day moving average price is $6.99.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.034 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in shares of Western Asset Municipal High Income Fund by 1.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,046,548 shares of the financial services provider’s stock valued at $7,567,000 after acquiring an additional 10,603 shares during the last quarter. Bank of America Corp DE raised its stake in Western Asset Municipal High Income Fund by 0.4% during the 3rd quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock valued at $4,231,000 after purchasing an additional 2,350 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Western Asset Municipal High Income Fund by 24.0% during the 2nd quarter. Guggenheim Capital LLC now owns 505,298 shares of the financial services provider’s stock valued at $3,512,000 after purchasing an additional 97,670 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Western Asset Municipal High Income Fund by 8.5% during the third quarter. Prospera Financial Services Inc now owns 166,418 shares of the financial services provider’s stock worth $1,203,000 after buying an additional 13,007 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Western Asset Municipal High Income Fund by 25.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 119,741 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 24,280 shares during the last quarter.

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.