Mfs Hi Yld (NYSE:CMU) Short Interest Update

Key Points

• Mfs Hi Yld (NYSE:CMU) experienced a significant increase in short interest of 148.3%, rising to 42,700 shares by July 15th.
• The company declared a monthly dividend of $0.0165 per share on July 31st, slightly lower than the previous month's dividend, with a yield of 6.0%.
• Institutional investors have increased their holdings in Mfs Hi Yld, with notable growth from firms like Almitas Capital LLC and Thomas J. Herzfeld Advisors Inc.

Mfs Hi Yld (NYSE:CMU - ) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 42,700 shares, anincreaseof148.3% from the June 30th total of 17,200 shares. Based on an average trading volume of 83,000 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 83,000 shares, the short-interest ratio is currently 0.5 days.

Mfs Hi Yld Trading Up 0.9%

Shares of CMU opened at $3.30 on Monday. Mfs Hi Yld has a 1-year low of $3.18 and a 1-year high of $3.70. The firm has a 50-day simple moving average of $3.31 and a two-hundred day simple moving average of $3.41.

Mfs Hi Yld Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.0165 per share. This is a boost from Mfs Hi Yld's previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, July 15th.

Institutional Investors Weigh In On Mfs Hi Yld

A number of institutional investors have recently made changes to their positions in the stock. Almitas Capital LLC increased its position in shares of Mfs Hi Yld by 21.1% during the first quarter. Almitas Capital LLC now owns 416,545 shares of the company's stock valued at $1,454,000 after acquiring an additional 72,440 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Mfs Hi Yld by 24.2% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 353,305 shares of the company's stock valued at $1,233,000 after purchasing an additional 68,945 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Mfs Hi Yld by 8.8% in the first quarter. Sit Investment Associates Inc. now owns 2,179,247 shares of the company's stock valued at $7,606,000 after purchasing an additional 176,608 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mfs Hi Yld by 32.2% in the first quarter. Bank of New York Mellon Corp now owns 287,416 shares of the company's stock valued at $1,003,000 after purchasing an additional 70,000 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Mfs Hi Yld in the first quarter valued at approximately $49,000. 32.39% of the stock is currently owned by institutional investors and hedge funds.

Mfs Hi Yld Company Profile

MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.