MHF Stock Summary and Trading Ideas (Western Asset Muni High Income | NYSE:MHF)

The Fund seeks high current income exempt from federal income taxes. The Fund invests primarily in intermediate- and long-term municipal debt securities issued by state and local governments. However, the Fund may invest in municipal obligations of any maturity. The Fund may invest in non-publicly traded municipal securities, zero-coupon municipal obligations and non-appropriation or other municipal lease obligations.

Western Asset Muni High Income trades on the NYSE stock market under the symbol MHF.

As of April 17, 2024, MHF stock price climbed to $6.92 with 44,626 million shares trading.

MHF has a beta of 0.48, meaning it tends to be less sensitive to market movements. MHF has a correlation of 0.32 to the broad based SPY ETF.

MHF has a market cap of $149.83 million. This is considered a Micro Cap stock.

In the last 3 years, MHF stock traded as high as $8.91 and as low as $5.92.

MHF stock has underperformed the market in the last year with a return of +8.0%, while SPY returned +23.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MHF shares. However, MHF has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and +2.1%, while SPY returned +5.7% and -3.5%, respectively. This indicates MHF has been having a stronger performance recently.

MHF support price is $6.79 and resistance is $6.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MHF stock will trade within this expected range on the day.