Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Shares Shorted: Short Interest Down 75.5% in September

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 13,816 shares, a drop of 75.5% from the September 15th total of 56,376 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 118,503 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF traded up $0.02 during midday trading on Tuesday, reaching $6.25. The stock had a trading volume of 78,160 shares, compared to its average volume of 66,912. The firm has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.80. Western Asset Municipal High Income Fund has a one year low of $5.84 and a one year high of $7.33.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.0340 dividend. This represents a $0.41 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth approximately $4,105,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Western Asset Municipal High Income Fund by 6.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,505 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 2,170 shares during the last quarter. 49 Wealth Management LLC acquired a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter worth approximately $255,000. Royal Bank of Canada increased its holdings in shares of Western Asset Municipal High Income Fund by 441.2% during the 1st quarter. Royal Bank of Canada now owns 50,356 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 41,052 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. bought a new stake in Western Asset Municipal High Income Fund in the 4th quarter valued at $119,000.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund, Inc (NYSE:MHF) is a closed-end investment company that seeks to provide a high level of current income exempt from regular federal income tax. The fund invests primarily in municipal obligations issued by states, municipalities and other public entities in the United States.

The portfolio may include investment-grade and below-investment-grade municipal securities, including bonds that may offer higher income but involve greater credit and market risk.