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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 29,060 shares, an increase of 355.1% from the December 31st total of 6,385 shares. Based on an average daily volume of 43,904 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 43,904 shares, the short-interest ratio is currently 0.7 days.

Western Asset Intermediate Muni Fund Trading Up 0.9%

Shares of NYSE SBI opened at $7.87 on Friday. Western Asset Intermediate Muni Fund has a 12 month low of $7.30 and a 12 month high of $8.01. The company has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $7.77.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.042 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, February 20th.

Institutional Trading of Western Asset Intermediate Muni Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Traub Capital Management LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the second quarter valued at about $982,000. Invesco Ltd. lifted its position in shares of Western Asset Intermediate Muni Fund by 55.5% during the second quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock worth $1,542,000 after purchasing an additional 73,181 shares in the last quarter. Riverbridge Partners LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the third quarter valued at $325,000. Castle Wealth Management LLC acquired a new stake in Western Asset Intermediate Muni Fund during the 3rd quarter valued at $258,000. Finally, Northwest Financial Advisors increased its stake in Western Asset Intermediate Muni Fund by 225.0% during the 4th quarter. Northwest Financial Advisors now owns 43,870 shares of the company’s stock worth $337,000 after buying an additional 30,370 shares during the period.

Western Asset Intermediate Muni Fund Company Profile

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.