Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Update

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 21,400 shares, a drop of 25.7% from the February 28th total of 28,800 shares. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

Several hedge funds have recently made changes to their positions in SBI. HighTower Advisors LLC raised its holdings in shares of Western Asset Intermediate Muni Fund by 22.8% in the third quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after acquiring an additional 2,295 shares in the last quarter. PKS Advisory Services LLC bought a new position in Western Asset Intermediate Muni Fund during the 4th quarter worth about $108,000. LexAurum Advisors LLC purchased a new position in Western Asset Intermediate Muni Fund during the 4th quarter valued at about $271,000. Wells Fargo & Company MN raised its holdings in shares of Western Asset Intermediate Muni Fund by 8.3% in the 4th quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock valued at $347,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $389,000.

Western Asset Intermediate Muni Fund Stock Performance

Shares of Western Asset Intermediate Muni Fund stock traded up $0.04 on Tuesday, hitting $7.84. 24,941 shares of the company traded hands, compared to its average volume of 50,029. The stock’s 50 day moving average price is $7.83 and its 200-day moving average price is $7.96. Western Asset Intermediate Muni Fund has a 52 week low of $7.60 and a 52 week high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.042 per share. This represents a yield of 6.44%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset Intermediate Muni Fund

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.