Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Down 38.8% in February

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 14,800 shares, a drop of 38.8% from the January 31st total of 24,200 shares. Based on an average trading volume of 56,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SBI. Guggenheim Capital LLC raised its position in Western Asset Intermediate Muni Fund by 182.1% in the fourth quarter. Guggenheim Capital LLC now owns 345,242 shares of the company’s stock worth $2,672,000 after acquiring an additional 222,839 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at $1,313,000. Whitebox Advisors LLC raised its position in shares of Western Asset Intermediate Muni Fund by 58.3% during the 4th quarter. Whitebox Advisors LLC now owns 271,438 shares of the company’s stock valued at $2,101,000 after purchasing an additional 100,000 shares during the period. Carson Advisory Inc. bought a new stake in shares of Western Asset Intermediate Muni Fund during the 3rd quarter valued at $733,000. Finally, Invesco Ltd. bought a new stake in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at $603,000.

Western Asset Intermediate Muni Fund Stock Up 0.6 %

SBI traded up $0.05 during trading on Friday, hitting $7.97. The company’s stock had a trading volume of 32,588 shares, compared to its average volume of 54,207. Western Asset Intermediate Muni Fund has a one year low of $7.60 and a one year high of $8.29. The business’s 50 day simple moving average is $7.81 and its 200-day simple moving average is $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.042 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.50 annualized dividend and a yield of 6.33%.

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.