Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Drops By 38.8%

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 14,800 shares, a drop of 38.8% from the January 31st total of 24,200 shares. Based on an average daily trading volume, of 56,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Western Asset Intermediate Muni Fund

Hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 182.1% during the 4th quarter. Guggenheim Capital LLC now owns 345,242 shares of the company’s stock worth $2,672,000 after acquiring an additional 222,839 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth approximately $1,313,000. Whitebox Advisors LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 58.3% during the 4th quarter. Whitebox Advisors LLC now owns 271,438 shares of the company’s stock worth $2,101,000 after acquiring an additional 100,000 shares in the last quarter. Carson Advisory Inc. bought a new position in shares of Western Asset Intermediate Muni Fund during the 3rd quarter worth approximately $733,000. Finally, Invesco Ltd. bought a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth approximately $603,000.

Western Asset Intermediate Muni Fund Stock Performance

SBI stock traded down $0.03 during mid-day trading on Tuesday, hitting $7.91. 44,166 shares of the company were exchanged, compared to its average volume of 49,502. The firm’s 50 day simple moving average is $7.82 and its 200 day simple moving average is $8.00. Western Asset Intermediate Muni Fund has a 1-year low of $7.60 and a 1-year high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.50 annualized dividend and a yield of 6.37%.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.