Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Declines By 61.0%

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 21,200 shares, a decrease of 61.0% from the May 15th total of 54,400 shares. Based on an average daily volume of 82,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Noble Wealth Management PBC acquired a new position in MFS High Income Municipal Trust during the fourth quarter worth $501,000. Raymond James Financial Inc. purchased a new position in shares of MFS High Income Municipal Trust in the fourth quarter valued at $321,000. HighTower Advisors LLC raised its stake in shares of MFS High Income Municipal Trust by 70.0% during the 4th quarter. HighTower Advisors LLC now owns 32,531 shares of the company's stock worth $120,000 after buying an additional 13,393 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of MFS High Income Municipal Trust in the 4th quarter worth about $46,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in MFS High Income Municipal Trust by 28.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company's stock valued at $280,000 after acquiring an additional 16,950 shares during the last quarter. Institutional investors and hedge funds own 34.37% of the company's stock.

MFS High Income Municipal Trust Stock Performance

Shares of CXE stock traded up $0.01 during trading hours on Monday, reaching $3.52. 27,142 shares of the company's stock were exchanged, compared to its average volume of 84,544. The company's 50 day moving average is $3.52 and its two-hundred day moving average is $3.66. MFS High Income Municipal Trust has a 1 year low of $3.38 and a 1 year high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.018 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 17th.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.