Western Asset Intermediate Municipal Fund Stock Price, News & Analysis
Company Description
Western Asset Intermediate Muni Fund, Inc. (NYSE: SBI) is a diversified closed-end management investment company in the Western Asset fund family. The fund's stated investment objective is to provide a high level of current income exempt from federal income taxes. It is structured as an exchange-listed closed-end fund, with shares traded under the symbol SBI.
The fund invests primarily in municipal obligations. Under normal market conditions, it invests at least 80% of total assets in municipal obligations and at least 80% of total assets in debt securities that are rated investment grade at the time of investment, or in unrated securities that the investment manager determines to be of equivalent quality. This makes the fund a municipal bond vehicle focused on tax-exempt income and investment-grade credit quality.
As a closed-end fund, Western Asset Intermediate Muni Fund is governed through a board structure and shareholder voting process. Its public-company record includes governance matters such as director elections and ratification of the fund's independent registered public accounting firm. Proxy materials also identify voting by holders of common stock and preferred shares for applicable fund governance matters.
Stock Performance
Western Asset Intermediate Municipal Fund (SBI) stock last traded at $7.80, down 0.38% from the previous close. Over the past 12 months, the stock has gained 3.0%, ranking #1,143 in 52-week price change. At a market capitalization of $109.6M, SBI is classified as a micro-cap stock with approximately 14.1M shares outstanding.
Latest News
Western Asset Intermediate Municipal Fund has 10 recent news articles. Of the recent coverage, 2 articles coincided with positive price movement and 6 with negative movement. View all SBI news →
SEC Filings
Western Asset Intermediate Municipal Fund has filed 5 recent SEC filings, including 1 Form 3, 1 Form DEF 14A, 1 Form N-CEN, 1 Form N-CSR. The most recent filing was submitted on April 7, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all SBI SEC filings →
Financial Highlights
Upcoming Events
Fiscal year end
2029 annual meeting
Western Asset Intermediate Municipal Fund has 2 upcoming scheduled events. The next event, "Fiscal year end", is scheduled for November 30, 2026 (in 202 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the SBI stock price.
Short Interest History
Short interest in Western Asset Intermediate Municipal Fund (SBI) currently stands at 25.0 thousand shares, up 15.4% from the previous reporting period, representing 0.2% of the float. Over the past 12 months, short interest has increased by 1962.4%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Western Asset Intermediate Municipal Fund (SBI) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 1.8 days.
SBI Company Profile & Sector Positioning
Western Asset Intermediate Municipal Fund (SBI) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE. Among dividend-paying stocks, SBI ranks #381 by dividend yield. In monthly performance, the stock ranks #1,496 among all tracked companies.
Investors comparing SBI often look at related companies in the same sector, including DWS Strategic Muni Income (KSM), Western Asset Investment Grade Opportunity Trust Inc. (IGI), BlackRock MuniYield Pennsylvania Quality Fund (MPA), Carlyle Credit Income Fund (CCIF), and Pearl Diver Credit Company Inc (PDCC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate SBI's relative position within its industry.