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

Key Points

• The short interest in MFS High Income Municipal Trust (NYSE:CXE) increased by 40.7% in August, reaching a total of 110,300 shares as of August 15th.
• The trust declared a monthly dividend of $0.018, scheduled to be paid to shareholders on September 30th, representing a yield of 6.0%.
• Institutional investors hold 34.37% of the stock, with Almitas Capital LLC increasing its stake by 13.6% in the first quarter.

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 110,300 shares, a growth of 40.7% from the July 31st total of 78,400 shares. Based on an average daily trading volume, of 80,500 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 80,500 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Several institutional investors have recently made changes to their positions in the company. Whitebox Advisors LLC lifted its holdings in shares of MFS High Income Municipal Trust by 7.4% in the 2nd quarter. Whitebox Advisors LLC now owns 483,300 shares of the company's stock worth $1,730,000 after acquiring an additional 33,258 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in MFS High Income Municipal Trust by 44.1% during the 2nd quarter. NewEdge Advisors LLC now owns 32,700 shares of the company's stock valued at $117,000 after buying an additional 10,000 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in MFS High Income Municipal Trust by 29.5% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 121,587 shares of the company's stock valued at $435,000 after buying an additional 27,708 shares in the last quarter. Cetera Investment Advisers lifted its holdings in MFS High Income Municipal Trust by 47.2% during the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company's stock valued at $66,000 after buying an additional 5,903 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in MFS High Income Municipal Trust during the 2nd quarter valued at about $47,000. Institutional investors own 34.37% of the company's stock.

MFS High Income Municipal Trust Price Performance

Shares of MFS High Income Municipal Trust stock traded up $0.01 during trading on Friday, hitting $3.72. The stock had a trading volume of 46,280 shares, compared to its average volume of 73,163. The firm's fifty day simple moving average is $3.55 and its 200-day simple moving average is $3.58. MFS High Income Municipal Trust has a 12 month low of $3.38 and a 12 month high of $4.03.

MFS High Income Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.018 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 16th.

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.