Home Hedge Funds Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Sees Significant Decrease in...

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Sees Significant Decrease in Short Interest

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Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 9,100 shares, a drop of 61.9% from the May 15th total of 23,900 shares. Based on an average trading volume of 54,600 shares, the short-interest ratio is presently 0.2 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Western Asset Municipal High Income Fund by 14.1% in the 1st quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock valued at $3,918,000 after buying an additional 68,915 shares during the period. Morgan Stanley boosted its holdings in shares of Western Asset Municipal High Income Fund by 3.1% in the 3rd quarter. Morgan Stanley now owns 454,667 shares of the financial services provider’s stock valued at $3,610,000 after buying an additional 13,872 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Western Asset Municipal High Income Fund by 7.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 422,213 shares of the financial services provider’s stock valued at $2,972,000 after buying an additional 30,422 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Western Asset Municipal High Income Fund by 3.5% in the 2nd quarter. Wells Fargo & Company MN now owns 263,688 shares of the financial services provider’s stock valued at $2,231,000 after buying an additional 8,987 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Western Asset Municipal High Income Fund by 6.6% in the 1st quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 10,541 shares during the period. 18.66% of the stock is owned by institutional investors and hedge funds.

Shares of MHF stock opened at $6.66 on Friday. Western Asset Municipal High Income Fund has a 1-year low of $6.53 and a 1-year high of $8.91. The firm has a fifty day moving average of $6.77 and a two-hundred day moving average of $7.29.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th will be issued a $0.0198 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Tuesday, August 23rd.

Western Asset Municipal High Income Fund Company Profile (Get Rating)

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.

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