Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Short Interest Update

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 4,700 shares, a decline of 32.9% from the March 15th total of 7,000 shares. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 0.3 days.

NYSE SBI opened at $8.14 on Friday. Western Asset Intermediate Muni Fund has a 52 week low of $8.13 and a 52 week high of $9.99. The firm has a 50 day moving average of $8.74 and a two-hundred day moving average of $9.30.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. StrategIQ Financial Group LLC grew its holdings in Western Asset Intermediate Muni Fund by 1.4% during the 4th quarter. StrategIQ Financial Group LLC now owns 91,037 shares of the company’s stock worth $878,000 after acquiring an additional 1,240 shares in the last quarter. First Trust Advisors LP grew its holdings in Western Asset Intermediate Muni Fund by 3.2% during the 4th quarter. First Trust Advisors LP now owns 101,578 shares of the company’s stock worth $979,000 after acquiring an additional 3,171 shares in the last quarter. Ackerman Capital Advisors LLC grew its holdings in Western Asset Intermediate Muni Fund by 10.6% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 42,350 shares of the company’s stock worth $413,000 after acquiring an additional 4,054 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Western Asset Intermediate Muni Fund by 1.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 334,312 shares of the company’s stock worth $3,259,000 after acquiring an additional 5,706 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Western Asset Intermediate Muni Fund by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 228,302 shares of the company’s stock worth $2,225,000 after acquiring an additional 10,017 shares in the last quarter.

Western Asset Intermediate Muni Fund Company Profile (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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