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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 28,600 shares, a growth 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 currently 0.8 days.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

A number of large investors have recently made changes to their positions in the business. Bulldog Investors LLP boosted its position in shares of Western Asset Intermediate Muni Fund by 8.4% during the fourth quarter. Bulldog Investors LLP now owns 52,697 shares of the company’s stock valued at $391,000 after purchasing an additional 4,065 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Western Asset Intermediate Muni Fund by 960.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 22,204 shares of the company’s stock valued at $175,000 after purchasing an additional 20,111 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Western Asset Intermediate Muni Fund in the second quarter worth about $248,000. Sar Wealth Management Group LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the fourth quarter worth approximately $267,000. Finally, Whitebox Advisors LLC bought a new stake in shares of Western Asset Intermediate Muni Fund during the first quarter valued at approximately $342,000.

Western Asset Intermediate Muni Fund Price Performance

Shares of SBI stock traded down $0.02 during mid-day trading on Monday, reaching $8.23. The stock had a trading volume of 67,690 shares, compared to its average volume of 45,338. The stock’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $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 Dividend Announcement

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

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.