Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 28,800 shares, an increase of 94.6% from the February 13th total of 14,800 shares. Based on an average trading volume of 57,900 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SBI. HighTower Advisors LLC increased its stake in Western Asset Intermediate Muni Fund by 22.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after purchasing an additional 2,295 shares in the last quarter. PKS Advisory Services LLC purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at $108,000. LexAurum Advisors LLC purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at $271,000. Wells Fargo & Company MN boosted its holdings in shares of Western Asset Intermediate Muni Fund by 8.3% in the 4th quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock valued at $347,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at $389,000.
Western Asset Intermediate Muni Fund Trading Down 0.1 %
Shares of NYSE SBI traded down $0.01 during trading hours on Friday, hitting $7.77. 39,411 shares of the stock were exchanged, compared to its average volume of 50,224. The firm has a fifty day moving average price of $7.83 and a 200-day moving average price of $7.99. Western Asset Intermediate Muni Fund has a 12 month low of $7.60 and a 12 month high of $8.29.
Western Asset Intermediate Muni Fund Announces Dividend
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.
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