Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Up 19.1% in April

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Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 5,600 shares, a growth of 19.1% from the March 31st total of 4,700 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 0.3 days.

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. increased its holdings in Western Asset Intermediate Muni Fund by 6.9% during the 4th quarter. Whittier Trust Co. now owns 268,034 shares of the company’s stock worth $2,584,000 after acquiring an additional 17,269 shares during the period. Aquire Wealth Advisors LLC bought a new stake in Western Asset Intermediate Muni Fund during the 4th quarter worth approximately $190,000. Mariner LLC bought a new stake in Western Asset Intermediate Muni Fund during the 3rd quarter worth approximately $368,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Western Asset Intermediate Muni Fund by 3.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 345,361 shares of the company’s stock worth $3,330,000 after buying an additional 11,049 shares during the last quarter. Finally, StrategIQ Financial Group LLC increased its holdings in shares of Western Asset Intermediate Muni Fund by 1.4% in the 4th quarter. StrategIQ Financial Group LLC now owns 91,037 shares of the company’s stock worth $878,000 after buying an additional 1,240 shares during the last quarter.

Western Asset Intermediate Muni Fund stock opened at $8.16 on Wednesday. The business’s 50 day moving average price is $8.52. Western Asset Intermediate Muni Fund has a 1-year low of $7.94 and a 1-year high of $9.99.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 23rd will be issued a dividend of $0.0235 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, May 20th.

About Western Asset Intermediate Muni Fund (Get Rating)

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.

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