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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 10,000 shares, a growth of 78.6% from the April 15th total of 5,600 shares. Based on an average daily trading volume, of 22,300 shares, the days-to-cover ratio is presently 0.4 days.

Large investors have recently modified their holdings of the company. Whittier Trust Co. raised its position in shares of Western Asset Intermediate Muni Fund by 6.9% in the 4th quarter. Whittier Trust Co. now owns 268,034 shares of the company’s stock valued at $2,584,000 after buying an additional 17,269 shares in the last quarter. Aquire Wealth Advisors LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at approximately $190,000. Mariner LLC bought a new stake in shares of Western Asset Intermediate Muni Fund during the 3rd quarter valued at approximately $368,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Western Asset Intermediate Muni Fund by 3.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 345,361 shares of the company’s stock valued at $3,330,000 after purchasing an additional 11,049 shares during the last quarter. Finally, StrategIQ Financial Group LLC grew its holdings in shares of 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 valued at $878,000 after purchasing an additional 1,240 shares during the last quarter.

Shares of NYSE:SBI opened at $7.85 on Friday. The firm has a 50 day moving average of $8.35 and a 200-day moving average of $9.05. Western Asset Intermediate Muni Fund has a 12 month low of $7.79 and a 12 month high of $9.99.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd will be given a $0.0235 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, May 20th.

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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