Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Short Interest Update

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 120,800 shares, an increase of 18.1% from the February 13th total of 102,300 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is currently 1.7 days.

Western Asset Municipal High Income Fund Price Performance

Shares of MHF stock traded up $0.08 during trading hours on Thursday, reaching $7.59. The company had a trading volume of 25,717 shares, compared to its average volume of 65,934. The stock’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $7.17. Western Asset Municipal High Income Fund has a twelve month low of $6.51 and a twelve month high of $7.79.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.034 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. South Plains Financial Inc. purchased a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at about $68,000. Nomura Holdings Inc. acquired a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter worth about $79,000. Vista Investment Partners II LLC purchased a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at about $81,000. GTS Securities LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at approximately $88,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at approximately $93,000.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.