MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Down 55.1% in May

MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 7,000 shares, a decrease of 55.1% from the April 30th total of 15,600 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

MFS Investment Grade Municipal Trust Price Performance

Shares of MFS Investment Grade Municipal Trust stock remained flat at $7.54 during trading hours on Tuesday. 15,010 shares of the stock were exchanged, compared to its average volume of 17,771. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.36 and a fifty-two week high of $8.36. The firm has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.92.

MFS Investment Grade Municipal Trust Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.032 per share. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 17th.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of MFS Investment Grade Municipal Trust by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 75,105 shares of the company's stock worth $595,000 after buying an additional 5,703 shares in the last quarter. LPL Financial LLC grew its holdings in shares of MFS Investment Grade Municipal Trust by 52.0% in the fourth quarter. LPL Financial LLC now owns 18,137 shares of the company's stock valued at $145,000 after purchasing an additional 6,201 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at about $53,000. Icon Advisers Inc. Co. grew its holdings in shares of MFS Investment Grade Municipal Trust by 3.3% in the fourth quarter. Icon Advisers Inc. Co. now owns 244,295 shares of the company's stock valued at $1,952,000 after purchasing an additional 7,777 shares during the period. Finally, Sit Investment Associates Inc. grew its holdings in shares of MFS Investment Grade Municipal Trust by 2.2% in the first quarter. Sit Investment Associates Inc. now owns 572,689 shares of the company's stock valued at $4,536,000 after purchasing an additional 12,143 shares during the period.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal 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.