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 decrease in short interest in the month of February. As of February 15th, there was short interest totalling 14,800 shares, a decrease of 38.8% from the January 31st total of 24,200 shares. Based on an average daily volume of 56,900 shares, the days-to-cover ratio is presently 0.3 days.

Western Asset Intermediate Muni Fund Trading Up 0.6 %

Shares of NYSE:SBI traded up $0.05 during trading on Friday, reaching $7.97. 32,588 shares of the stock traded hands, compared to its average volume of 54,207. The stock has a 50-day moving average of $7.81 and a two-hundred day moving average of $8.01. Western Asset Intermediate Muni Fund has a 52-week low of $7.60 and a 52-week high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBI. Stephens Inc. AR purchased a new stake in Western Asset Intermediate Muni Fund in the third quarter worth approximately $203,000. Carson Advisory Inc. purchased a new stake in Western Asset Intermediate Muni Fund in the third quarter worth approximately $733,000. Wolverine Asset Management LLC boosted its holdings in Western Asset Intermediate Muni Fund by 66.1% in the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock worth $430,000 after purchasing an additional 20,884 shares during the last quarter. Pathstone Holdings LLC boosted its holdings 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 purchasing an additional 51,543 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Western Asset Intermediate Muni Fund by 22.8% in the third quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock worth $101,000 after purchasing an additional 2,295 shares during the last quarter.

About Western Asset Intermediate Muni Fund

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.