Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Rises By 49.7%

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 28,600 shares, an increase of 49.7% from the August 15th total of 19,100 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is presently 0.8 days.

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI traded down $0.02 on Monday, hitting $8.23. The stock had a trading volume of 67,690 shares, compared to its average volume of 45,338. The firm has a 50-day moving average of $8.02 and a 200-day moving average of $7.89. Western Asset Intermediate Muni Fund has a 52-week low of $6.96 and a 52-week high of $8.28.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be paid a $0.042 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.12%.

Institutional Trading of Western Asset Intermediate Muni Fund

A number of large investors have recently modified their holdings of SBI. Whitebox Advisors LLC raised its holdings in shares of Western Asset Intermediate Muni Fund by 292.8% during the 2nd quarter. Whitebox Advisors LLC now owns 169,444 shares of the company’s stock valued at $1,332,000 after buying an additional 126,303 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Western Asset Intermediate Muni Fund during the 2nd quarter valued at $818,000. Alpine Global Management LLC purchased a new position in Western Asset Intermediate Muni Fund in the 1st quarter worth $626,000. Sar Wealth Management Group LLC bought a new stake in Western Asset Intermediate Muni Fund in the fourth quarter worth $267,000. Finally, Wolverine Asset Management LLC bought a new stake in Western Asset Intermediate Muni Fund in the second quarter worth $248,000.

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.