Western Asset Managed Municipals Fund closed at $8.83 on Sep 28, down 1.67%, within 0.0% of its 52-week closing low. Volume of 463.9K shares was 2.22× its 20-day average (well above normal).
Split-adjusted performance: -12.8% over one month, -11.5% over six months, -14.5% over one year.
Short interest was 38.4K shares at the Sep 15 settlement, down 30.4% from the prior report (1.0 days to cover).
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Quick answers
What does Western Asset Managed Municipals Fund do?
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax, consistent with the preservation of principal.
What is MMU's market cap?
$479.80M, based on the Sep 28 close of $8.83.
Does Western Asset Managed Municipals Fund pay a dividend?
Yes. The latest regular dividend was $0.0545 per share (ex-date Sep 23), an annualised yield of 7.41%.
About Western Asset Managed Municipals Fund
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax, consistent with the preservation of principal. The fund predominantly invests in long-term investment-grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology
