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

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

Western Asset Intermediate Muni Fund Stock Performance

Western Asset Intermediate Muni Fund stock opened at $7.77 on Friday. The business has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $7.97. Western Asset Intermediate Muni Fund has a one year low of $7.60 and a one year 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. Stockholders of record on Tuesday, March 25th will be paid a $0.042 dividend. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 6.44%.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

A number of hedge funds have recently made changes to their positions in SBI. Rivernorth Capital Management LLC grew its stake in Western Asset Intermediate Muni Fund by 2.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock worth $13,734,000 after buying an additional 45,940 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 182.1% in 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. Whitebox Advisors LLC grew its position in 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 during the last quarter. Carson Advisory Inc. increased its holdings in Western Asset Intermediate Muni Fund by 95.5% during the 4th quarter. Carson Advisory Inc. now owns 174,753 shares of the company’s stock valued at $1,353,000 after purchasing an additional 85,372 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Western Asset Intermediate Muni Fund in the 4th quarter valued at $1,313,000.

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.