Mfs Hi Yld (NYSE:CMU) Short Interest Update

Key Points

• Mfs Hi Yld's short interest dropped dramatically by 92.0% in September, falling from 22,600 shares to just 1,800 shares, resulting in a short-interest ratio of 0.0 days.
• The company will pay a monthly dividend of $0.0165 on September 30th, which reflects an annualized yield of 5.7%.
• A significant increase in institutional holdings was noted, with 32.39% of Mfs Hi Yld stock now owned by hedge funds and institutional investors.

Mfs Hi Yld (NYSE:CMU - ) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,800 shares, a drop of 92.0% from the August 31st total of 22,600 shares. Based on an average daily trading volume, of 94,600 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 94,600 shares, the short-interest ratio is currently 0.0 days.

Mfs Hi Yld Stock Performance

NYSE:CMU traded up $0.01 during midday trading on Tuesday, reaching $3.46. The stock had a trading volume of 24,595 shares, compared to its average volume of 66,556. The firm has a fifty day simple moving average of $3.35 and a two-hundred day simple moving average of $3.36. Mfs Hi Yld has a 12-month low of $3.18 and a 12-month high of $3.70.

Mfs Hi Yld Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.0165 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, September 16th.

Hedge Funds Weigh In On Mfs Hi Yld

A number of hedge funds and other institutional investors have recently bought and sold shares of CMU. Bank of America Corp DE lifted its holdings in Mfs Hi Yld by 46.2% in the second quarter. Bank of America Corp DE now owns 94,893 shares of the company's stock valued at $316,000 after acquiring an additional 30,000 shares during the period. Thomas J. Herzfeld Advisors Inc. lifted its holdings in Mfs Hi Yld by 55.8% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 550,525 shares of the company's stock valued at $1,833,000 after acquiring an additional 197,220 shares during the period. Cetera Investment Advisers lifted its holdings in Mfs Hi Yld by 26.8% in the second quarter. Cetera Investment Advisers now owns 25,746 shares of the company's stock valued at $86,000 after acquiring an additional 5,445 shares during the period. Almitas Capital LLC lifted its holdings in Mfs Hi Yld by 21.1% in 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 period. Finally, Sit Investment Associates Inc. lifted its holdings in 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 acquiring an additional 176,608 shares during the period. 32.39% of the stock is currently owned by hedge funds and other institutional investors.

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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