Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Sees Large Decline in Short Interest

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 29,800 shares, a decrease of 20.1% from the December 15th total of 37,300 shares. Based on an average daily trading volume, of 52,000 shares, the short-interest ratio is currently 0.6 days.

Western Asset Intermediate Muni Fund Stock Down 0.1 %

NYSE SBI opened at $7.75 on Wednesday. Western Asset Intermediate Muni Fund has a 1 year low of $7.60 and a 1 year high of $8.29. The business’s fifty day moving average is $7.96 and its two-hundred day moving average is $8.03.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Trading of Western Asset Intermediate Muni Fund

Several large investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its stake in Western Asset Intermediate Muni Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after purchasing an additional 45,940 shares during the period. Whitebox Advisors LLC raised its stake in Western Asset Intermediate Muni Fund by 1.2% during the 3rd quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock valued at $1,406,000 after purchasing an additional 1,994 shares during the period. HighTower Advisors LLC raised its stake in Western Asset Intermediate Muni Fund by 22.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after purchasing an additional 2,295 shares during the period. Pathstone Holdings LLC raised its stake in Western Asset Intermediate Muni Fund by 23.6% during the 3rd quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after purchasing an additional 51,543 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in Western Asset Intermediate Muni Fund by 66.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock valued at $430,000 after purchasing an additional 20,884 shares during the period.

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.