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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 120,800 shares, a growth of 18.1% from the February 13th total of 102,300 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

A number of large investors have recently modified their holdings of MHF. Raymond James Financial Inc. bought a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $6,569,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Western Asset Municipal High Income Fund by 9.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock valued at $3,232,000 after acquiring an additional 42,433 shares during the period. Prospera Financial Services Inc boosted its position in shares of Western Asset Municipal High Income Fund by 28.7% in the third quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 25,677 shares during the period. Collaborative Wealth Managment Inc. bought a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $133,000. Finally, Independent Advisor Alliance bought a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $128,000.

Western Asset Municipal High Income Fund Price Performance

Shares of MHF stock traded down $0.07 during trading hours on Wednesday, reaching $7.45. The stock had a trading volume of 15,714 shares, compared to its average volume of 71,636. The stock’s fifty day simple moving average is $7.26 and its 200 day simple moving average is $7.17. Western Asset Municipal High Income Fund has a 12 month low of $6.51 and a 12 month high of $8.25.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.034 dividend. The ex-dividend date is Monday, March 24th.

Western Asset Municipal High Income Fund Company Profile

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.