Short-term interest on Western Asset Municipal High Income Fund Inc. (NYSE:MHF) fell significantly

In September, Western Asset Municipal High Income Fund Inc. (NYSE: MHF) saw a significant drop in the number of short positions held in investor accounts. There was total short interest of 3,800 shares as of September 30, down 55.8% from 8,600 shares as of September 15, when there was total short interest of 3,800 shares. Based on an average daily trading volume of 45,500 shares, the day-to-cover ratio reached its current level of 0.1 day. This is the number she arrived at.

On Thursday, investors were allowed to buy shares of Western Asset Municipal High Income Fund for $6.25 per share. The Western Asset Municipal High Income Fund hit a 52-week low at $6.19, while it hit a 52-week high at $8.91. Over the past 50 trading days and past 200 trading days, the company’s stock price has fluctuated between $6.58 and $6.67.
As a result of recent events, institutional investors and hedge funds have increased or decreased the scope of their interests in the company. During the second quarter, Karpus Management Inc. increased the proportion of its assets invested in the Western Asset Municipal High Income Fund by 231.6%. Karpus Management Inc. now owns 502,214 shares, giving it a market capitalization of $3,300,000 after purchasing an additional 350,767 shares in the last trading quarter. In the second quarter, Lloyd Park LLC invested approximately $268,000 in the Western Asset Municipal High Income Fund to acquire an additional stake in the fund and add to the holdings it already held. During the second quarter, LPL Financial LLC successfully added an additional 17.2% of shares of Western Asset Municipal High Income Fund to its portfolio.
Following the purchase of the additional shares, LPL Financial LLC now owns a total of 20,395 shares of the company, which have a value of $134,000; this represents an increase of 3,000 shares from his previous holdings. During the second quarter, UBS Group AG successfully added an additional 9.4% of shares of Western Asset Municipal High Income Fund to its portfolio. Following the acquisition of 3,770 additional shares during the period in question, UBS Group AG now owns a total of 44,040 shares of the financial services provider. All of these actions total $289,000. Additionally, the purchase of Western Asset Municipal High Income Fund by Quad Cities Investment Group LLC for $133,000 was completed during the second quarter. Institutions hold 17.58% of the total number of shares in the company.
Additionally, the company announced the payment of a standard dividend, which is expected to occur on the first Thursday of the month, December 1. Shareholders who are still of record as of November 22 will be eligible to receive a dividend payment of $0.0198 per share. For this reason, the dividend yield is 3.70% every quarter and the dividend payout is only $0.24 per year. The ex-dividend date for this dividend is set for November 21 and Monday of this week is when it occurs.

Western Asset Municipal High-Income Vehicle Inc. Mutual Fund is a closed-end fund that invests in fixed-income securities. Legg Mason Partners Fund Advisor, LLC is in charge of managing this fund, which is a type of mutual fund known as a closed-end fund. In addition, Western Asset Management Company actively participates in its management. The majority of the fund’s assets are invested in the fixed income securities markets found in the United States. Its principal investments are in municipal debt securities issued by state and local governments in the United States and the United States federal government. These instruments generally have maturities ranging from medium to long term.