Short Interest in Western Asset Municipal Partners Fund Inc. (NYSE:MNP) Expands By 1,300.0%
5,371,500 shares, an increase of 58.3% from the March 31st total of 3,420,900 shares. Based on an average daily volume of 1,087,200 shares, the short-interest ratio is presently 4.9 days. The fund saw a large increase in short interest in April.
( ) has seen a significant increase in short-term interest during the month of April. On April 15th there were 4,200 shares of short interest, an increase by 1,300.0% compared to the total of 300 shares on March 31st. The short-interest rate is currently 0.3 days based on an average daily share volume of 15,700.
Western Asset Municipal Partners Fund: Institutional Investors weigh in
Recently, several hedge funds and institutional investors increased or decreased their stakes in MNP. International Assets Investment Management LLC acquired a new stake in Western Asset Municipal Partners Fund valued at $25,000 during the first quarter. Advisor Group Holdings Inc. increased its stake in Western Asset Municipal Partners Fund during the first three months by 1,208.2%. Advisor Group Holdings Inc. owns 8,987 of the financial service provider's shares worth $122,000, after purchasing an additional 8,300 in the previous quarter. Wells Fargo & Company MN increased its holdings of Western Asset Municipal Partners Fund in the fourth-quarter by 40.6%. Wells Fargo & Company MN owns 10,387 of the financial service provider's shares worth $121,000, after buying an additional 3,001 during the period. Susquehanna International Group LLP purchased a new stake in Western Asset Municipal Partners Fund shares during the fourth quarter, valued at about $130,000. Wolverine Asset Management LLC also purchased shares of Western Asset Municipal Partners Fund in the third quarter, valued at around $145,000. On Wednesday, the price of the stock rose $0.05 to $11.89. The trading volume was 11,876 shares compared to the average of 17,882. The stock's fifty-day moving average is $11.94, and its 200-day moving average is $11.87. Western Asset Municipal Partners Fund's 52-week low is $10.71, and its 52-week highest is $13.49.
Western Asset Municipal Partners Fund Dividend announcement
A dividend was also paid by the company on April 3rd. Dividends were paid to stockholders who had their records on the 24th of March. This dividend yield is 4.37%. This dividend became ex-dividend on Thursday, 23rd March.
Western Asset Municipal Partners Fund Company profile
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Western Asset Municipal Partners Fund Inc. is a closed-ended fixed income mutual funds launched and managed Legg Mason Partners Fund Advisor, LLC. Western Asset Management Company co-manages the fund. It invests in the fixed income markets in the United States. The fund invests primarily in tax-exempt investment grade securities issued by municipalities.
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