Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Declines By 21.0%

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 15,092 shares, a decline of 21.0% from the November 30th total of 19,093 shares. Based on an average daily volume of 35,211 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 35,211 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SBI. Invesco Ltd. lifted its position in Western Asset Intermediate Muni Fund by 69.4% during the 1st quarter. Invesco Ltd. now owns 131,915 shares of the company’s stock worth $1,029,000 after buying an additional 54,065 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 29.3% in the second quarter. Wolverine Asset Management LLC now owns 43,898 shares of the company’s stock valued at $330,000 after buying an additional 9,943 shares during the last quarter. Melfa Wealth Management Inc. boosted its stake in shares of Western Asset Intermediate Muni Fund by 34.4% during the 2nd quarter. Melfa Wealth Management Inc. now owns 46,347 shares of the company’s stock worth $349,000 after acquiring an additional 11,850 shares during the period. Concorde Asset Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the 1st quarter worth approximately $90,000. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Western Asset Intermediate Muni Fund in the 2nd quarter valued at $85,000.

Western Asset Intermediate Muni Fund Stock Down 0.1%

Shares of NYSE:SBI traded down $0.01 during mid-day trading on Wednesday, reaching $7.67. 111,601 shares of the stock were exchanged, compared to its average volume of 50,862. The stock’s 50 day simple moving average is $7.79 and its 200-day simple moving average is $7.74. Western Asset Intermediate Muni Fund has a one year low of $7.30 and a one 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 Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.042 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend 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.