Mfs Hi Yld (NYSE:CMU) Short Interest Update

Key Points

• Mfs Hi Yld (NYSE:CMU) experienced a **43.5% decrease** in short interest in August, with 10,500 shares reported as of August 15th compared to 18,600 shares at the end of July.
• The fund announced a **monthly dividend** of $0.0165 per share, payable on September 30th to shareholders of record as of September 16th, which represents an annualized yield of **5.9%**.
• Institutional investors now hold **32.39%** of Mfs Hi Yld, with significant increases in stakes from firms like Bank of New York Mellon Corp and Sit Investment Associates Inc. during the first quarter.

Mfs Hi Yld (NYSE:CMU - ) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 10,500 shares, adecreaseof43.5% from the July 31st total of 18,600 shares. Based on an average daily volume of 90,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 90,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Mfs Hi Yld in the 4th quarter valued at approximately $166,000. CX Institutional bought a new stake in Mfs Hi Yld during the first quarter worth about $49,000. Bank of New York Mellon Corp boosted its position in Mfs Hi Yld by 32.2% during 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 during the last quarter. Sit Investment Associates Inc. boosted its position in Mfs Hi Yld by 8.8% during 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 during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in 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. 32.39% of the stock is owned by institutional investors and hedge funds.

Mfs Hi Yld Trading Up 0.9%

CMU traded up $0.03 during mid-day trading on Friday, hitting $3.34. The stock had a trading volume of 35,615 shares, compared to its average volume of 71,117. The stock's fifty day simple moving average is $3.29 and its 200-day simple moving average is $3.37. Mfs Hi Yld has a 1-year low of $3.18 and a 1-year high of $3.70.

Mfs Hi Yld Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.0165 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 5.9%.

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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