MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) was the target of a large decrease in short interest during the month of 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 trading volume of 82,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's stock are sold short.

Institutional Trading of MFS High Income Municipal Trust

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of MFS High Income Municipal Trust by 4.7% in the 4th quarter. Bank of America Corp DE now owns 1,262,545 shares of the company's stock valued at $4,646,000 after purchasing an additional 56,854 shares during the period. Almitas Capital LLC boosted its position in shares of MFS High Income Municipal Trust by 13.6% in the 1st quarter. Almitas Capital LLC now owns 1,047,002 shares of the company's stock valued at $3,863,000 after purchasing an additional 125,165 shares during the period. Sit Investment Associates Inc. boosted its position in shares of MFS High Income Municipal Trust by 1.9% in the 4th quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company's stock valued at $2,282,000 after purchasing an additional 11,405 shares during the period. Whitebox Advisors LLC boosted its position in shares of MFS High Income Municipal Trust by 96.5% in the 4th quarter. Whitebox Advisors LLC now owns 229,223 shares of the company's stock valued at $844,000 after purchasing an additional 112,598 shares during the period. Finally, Noble Wealth Management PBC boosted its position in shares of MFS High Income Municipal Trust by 4.8% in the 1st quarter. Noble Wealth Management PBC now owns 142,585 shares of the company's stock valued at $526,000 after purchasing an additional 6,560 shares during the period. 34.37% of the stock is owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Trading Down 0.3%

Shares of CXE traded down $0.01 during mid-day trading on Friday, reaching $3.52. The company's stock had a trading volume of 101,312 shares, compared to its average volume of 76,709. MFS High Income Municipal Trust has a 12-month low of $3.38 and a 12-month high of $4.03. The company's 50 day moving average is $3.52 and its 200 day moving average is $3.66.

MFS High Income Municipal Trust Announces Dividend

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

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.