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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 27,548 shares, a decrease of 26.7% from the January 15th total of 37,561 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 69,660 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 69,660 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Western Asset Municipal High Income Fund Price Performance

MHF traded down $0.02 on Monday, hitting $7.01. The company had a trading volume of 49,393 shares, compared to its average volume of 56,993. Western Asset Municipal High Income Fund has a 12-month low of $6.61 and a 12-month high of $7.82. The stock has a fifty day moving average price of $6.93 and a 200-day moving average price of $7.01.

Western Asset Municipal High Income Fund Dividend Announcement

The business 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 5.8%.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Several hedge funds have recently made changes to their positions in MHF. Stratos Wealth Partners LTD. acquired a new stake in Western Asset Municipal High Income Fund during the second quarter valued at $190,000. Guggenheim Capital LLC boosted its stake in shares of 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 worth $3,512,000 after acquiring an additional 97,670 shares in the last quarter. Prospera Financial Services Inc boosted its stake 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 acquiring an additional 9,481 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at about $92,000. Finally, ORG Wealth Partners LLC increased its stake in shares of Western Asset Municipal High Income Fund by 12.6% in the 4th quarter. ORG Wealth Partners LLC now owns 89,367 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 9,970 shares in 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.