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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 14,619 shares, a decrease of 41.5% from the April 15th total of 24,996 shares. Based on an average trading volume of 43,597 shares, the short-interest ratio is currently 0.3 days.

Western Asset Intermediate Muni Fund Stock Down 0.2%

Western Asset Intermediate Muni Fund stock opened at $7.73 on Tuesday. Western Asset Intermediate Muni Fund has a one year low of $7.40 and a one year high of $8.01. The business’s fifty day moving average is $7.76 and its 200 day moving average is $7.80.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 6.5%.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

Several institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC boosted its position in shares of Western Asset Intermediate Muni Fund by 0.6% during the first quarter. Rivernorth Capital Management LLC now owns 1,187,933 shares of the company’s stock valued at $9,123,000 after buying an additional 7,396 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Western Asset Intermediate Muni Fund by 7.5% during the first quarter. Royal Bank of Canada now owns 67,497 shares of the company’s stock valued at $518,000 after buying an additional 4,716 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Western Asset Intermediate Muni Fund by 1.8% during the first quarter. Cetera Investment Advisers now owns 180,685 shares of the company’s stock valued at $1,388,000 after buying an additional 3,257 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Western Asset Intermediate Muni Fund by 61.1% during the first quarter. Private Advisor Group LLC now owns 22,035 shares of the company’s stock valued at $169,000 after buying an additional 8,357 shares during the last quarter. Finally, Northwest Financial Advisors boosted its position in shares of Western Asset Intermediate Muni Fund by 5.9% during the first quarter. Northwest Financial Advisors now owns 46,461 shares of the company’s stock valued at $357,000 after buying an additional 2,591 shares during the last quarter.

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.