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) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 13,816 shares, a decrease of 75.5% from the September 15th total of 56,376 shares. Based on an average daily volume of 118,503 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF stock traded down $0.01 during trading hours on Monday, hitting $6.23. 75,722 shares of the company were exchanged, compared to its average volume of 66,880. The company has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $6.80. Western Asset Municipal High Income Fund has a fifty-two week low of $5.84 and a fifty-two week high of $7.33.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0340 per share. The ex-dividend date is Friday, November 20th. This represents a $0.41 dividend on an annualized basis and a yield of 6.5%.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of Western Asset Municipal High Income Fund during the second quarter valued at approximately $4,105,000. Royal Bank of Canada lifted its holdings in Western Asset Municipal High Income Fund by 441.2% during the first 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 period. 49 Wealth Management LLC purchased a new position in Western Asset Municipal High Income Fund in the second quarter worth $255,000. Northwestern Mutual Wealth Management Co. purchased a new position in Western Asset Municipal High Income Fund in the second quarter worth $242,000. Finally, Redwood Family Wealth LLC purchased a new position in Western Asset Municipal High Income Fund in the fourth quarter worth $177,000.

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.