Short Interest in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Drops By 20.1%

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a significant decrease in short interest during the month of 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 days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

A number of hedge funds and other institutional investors have recently modified their holdings of SBI. Rivernorth Capital Management LLC increased its holdings in shares of Western Asset Intermediate Muni Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock worth $13,734,000 after buying an additional 45,940 shares during the last quarter. Pathstone Holdings LLC grew its position in Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after acquiring an additional 51,543 shares in the last quarter. Whitebox Advisors LLC increased its stake in Western Asset Intermediate Muni Fund by 1.2% during the third quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after acquiring an additional 1,994 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Western Asset Intermediate Muni Fund during the second quarter valued at approximately $818,000. Finally, Carson Advisory Inc. bought a new stake in shares of Western Asset Intermediate Muni Fund in the 3rd quarter valued at approximately $733,000.

Western Asset Intermediate Muni Fund Stock Up 0.3 %

Western Asset Intermediate Muni Fund stock traded up $0.03 during mid-day trading on Friday, reaching $7.85. 24,122 shares of the stock traded hands, compared to its average volume of 38,320. The business’s 50-day moving average is $7.95 and its 200-day moving average is $8.03. Western Asset Intermediate Muni Fund has a 12-month low of $7.60 and a 12-month high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.42%. The ex-dividend date is Friday, January 24th.

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.