Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Down 21.0% in December

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 15,092 shares, a decline of 21.0% from the November 30th total of 19,093 shares. Based on an average daily volume of 35,211 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 35,211 shares, the short-interest ratio is currently 0.4 days.

Western Asset Intermediate Muni Fund Price Performance

NYSE SBI opened at $7.68 on Tuesday. Western Asset Intermediate Muni Fund has a 52 week low of $7.30 and a 52 week high of $8.01. The stock has a fifty day moving average of $7.79 and a 200-day moving average of $7.74.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.042 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SBI. Traub Capital Management LLC acquired a new position in Western Asset Intermediate Muni Fund in the second quarter valued at approximately $982,000. Invesco Ltd. lifted its stake in shares of Western Asset Intermediate Muni Fund by 55.5% in the 2nd quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock valued at $1,542,000 after purchasing an additional 73,181 shares during the period. Riverbridge Partners LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the 3rd quarter worth $325,000. Castle Wealth Management LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund during the third quarter worth $258,000. Finally, Captrust Financial Advisors bought a new stake in Western Asset Intermediate Muni Fund in the second quarter valued at about $96,000.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.