MFS HI YLD (NYSE:CMU) Short Interest Update

Key Points

• MFS HI YLD (NYSE:CMU) experienced a significant 56.4% decline in short interest, dropping from 42,700 to 18,600 shares as of July 31st.
• The stock recently traded at $3.32, down 0.5%, with a 1-year high of $3.70 and a low of $3.18.
• MFS HI YLD announced a monthly dividend of $0.0165 to be paid on August 29th, representing a 6.0% annualized yield.

MFS HI YLD (NYSE:CMU - ) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 18,600 shares, adeclineof56.4% from the July 15th total of 42,700 shares. Approximately0.1% of the shares of the company are sold short. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.1% of the shares of the company are sold short.

MFS HI YLD Stock Down 0.5%

CMU stock traded down $0.02 during trading on Friday, hitting $3.32. 27,496 shares of the company traded hands, compared to its average volume of 67,185. MFS HI YLD has a 1 year low of $3.18 and a 1 year high of $3.70. The stock's 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.40.

MFS HI YLD Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be issued a $0.0165 dividend. The ex-dividend date is Tuesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Investors Weigh In On MFS HI YLD

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in MFS HI YLD by 26.8% in the second quarter. Cetera Investment Advisers now owns 25,746 shares of the company's stock worth $86,000 after acquiring an additional 5,445 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of MFS HI YLD by 136.1% in the 4th quarter. XTX Topco Ltd now owns 23,845 shares of the company's stock valued at $84,000 after purchasing an additional 13,746 shares during the last quarter. CX Institutional acquired a new stake in shares of MFS HI YLD in the first quarter valued at approximately $49,000. Bank of America Corp DE boosted its stake in MFS HI YLD by 46.2% during the 2nd quarter. Bank of America Corp DE now owns 94,893 shares of the company's stock worth $316,000 after purchasing an additional 30,000 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in MFS HI YLD during the 4th quarter valued at approximately $166,000. Institutional investors and hedge funds own 32.39% of the company's stock.

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.

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