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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 59,800 shares, a drop of 14.6% from the November 30th total of 70,000 shares. Based on an average daily trading volume, of 69,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MHF. Hennion & Walsh Asset Management Inc. boosted its holdings in Western Asset Municipal High Income Fund by 244.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 432,792 shares of the financial services provider’s stock valued at $3,129,000 after acquiring an additional 306,988 shares during the last quarter. Raymond James & Associates grew its holdings in Western Asset Municipal High Income Fund by 5.7% during the 2nd quarter. Raymond James & Associates now owns 415,265 shares of the financial services provider’s stock worth $2,815,000 after acquiring an additional 22,380 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Western Asset Municipal High Income Fund by 9.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 11,000 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Western Asset Municipal High Income Fund by 28.7% in the 3rd quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 25,677 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter valued at about $766,000.

Western Asset Municipal High Income Fund Price Performance

MHF traded up $0.07 on Friday, reaching $7.01. The stock had a trading volume of 98,069 shares, compared to its average volume of 68,386. Western Asset Municipal High Income Fund has a fifty-two week low of $6.35 and a fifty-two week high of $7.39. The firm has a 50-day moving average of $7.06 and a 200-day moving average of $7.07.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.034 dividend. The ex-dividend date of this dividend is Friday, January 24th.

About Western Asset Municipal High Income Fund

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.