MFS High Income Municipal Trust (NYSE:CXE) Sees Large Decline in Short Interest

Key Points

• Short interest fell 33.7% to 29,189 shares as of March 13, representing about 0.1% of shares short and a short‑interest ratio of 0.5 days based on average daily volume.
• The trust declared a monthly dividend of $0.018 per share (annualized yield ~5.9%), payable March 31 to shareholders of record on March 17 (ex‑dividend date March 17).
• Institutional buying increased notably—UBS grew its stake by 76.4% to 1,235,110 shares (adding 535,091 shares) and overall institutional ownership stands at 34.37%.

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 29,189 shares, a decrease of 33.7% from the February 26th total of 44,049 shares. Currently, 0.1% of the company's shares are short sold. Based on an average trading volume of 63,585 shares, the short-interest ratio is presently 0.5 days.

MFS High Income Municipal Trust Price Performance

NYSE:CXE traded down $0.03 on Friday, reaching $3.65. The company's stock had a trading volume of 52,919 shares, compared to its average volume of 56,149. MFS High Income Municipal Trust has a 12-month low of $3.38 and a 12-month high of $3.88. The stock has a 50 day moving average price of $3.79 and a 200 day moving average price of $3.74.

MFS High Income Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.018 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, March 17th.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors have recently made changes to their positions in the stock. Novak & Powell Financial Services Inc. purchased a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth $139,000. Indivisible Partners purchased a new position in MFS High Income Municipal Trust in the fourth quarter valued at $39,000. BOKF NA purchased a new position in MFS High Income Municipal Trust in the fourth quarter valued at $75,000. Wolverine Asset Management LLC grew its stake in MFS High Income Municipal Trust by 2,465.5% during the 4th quarter. Wolverine Asset Management LLC now owns 52,053 shares of the company's stock worth $193,000 after purchasing an additional 50,024 shares in the last quarter. Finally, UBS Group AG grew its stake in MFS High Income Municipal Trust by 76.4% during the 4th quarter. UBS Group AG now owns 1,235,110 shares of the company's stock worth $4,570,000 after purchasing an additional 535,091 shares in the last quarter. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust NYSE: CXE is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.

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