Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 28,200 shares, a growth of 571.4% from the September 15th total of 4,200 shares. Based on an average trading volume of 15,200 shares, the days-to-cover ratio is currently 1.9 days.
Western Asset Intermediate Muni Fund stock traded down $0.03 during trading on Thursday, hitting $9.80. The company’s stock had a trading volume of 465 shares, compared to its average volume of 18,961. The stock’s fifty day moving average is $9.78 and its 200 day moving average is $9.66. Western Asset Intermediate Muni Fund has a 1-year low of $8.61 and a 1-year high of $9.99.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 1st. Investors of record on Monday, November 22nd will be paid a $0.0235 dividend. The ex-dividend date of this dividend is Friday, November 19th. This represents a $0.28 annualized dividend and a yield of 2.88%.
About Western Asset Intermediate Muni Fund
Western Asset Intermediate Muni Fund, Inc operates as a closed-end investment company, which engages in the investment that provides common shareholders a level of current income exempt from regular federal income taxes consistent with prudent investing. The company was founded in 1971 and is headquartered in New York, NY.
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