Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Increases By 99.4%

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 64,400 shares, an increase of 99.4% from the March 15th total of 32,300 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC boosted its stake in MFS High Income Municipal Trust by 1,761.6% in the third quarter. Wolverine Asset Management LLC now owns 8,396 shares of the company's stock valued at $26,000 after acquiring an additional 7,945 shares in the last quarter. Park Place Capital Corp purchased a new position in MFS High Income Municipal Trust during the 4th quarter worth $36,000. Envestnet Asset Management Inc. acquired a new position in MFS High Income Municipal Trust during the 1st quarter valued at about $40,000. NewEdge Advisors LLC purchased a new stake in MFS High Income Municipal Trust in the first quarter valued at about $50,000. Finally, Stifel Financial Corp acquired a new stake in MFS High Income Municipal Trust in the second quarter worth about $68,000. Institutional investors own 34.37% of the company's stock.

MFS High Income Municipal Trust Stock Performance

Shares of NYSE CXE remained flat at $3.50 during midday trading on Thursday. 53,521 shares of the stock were exchanged, compared to its average volume of 58,215. MFS High Income Municipal Trust has a 1 year low of $2.95 and a 1 year high of $3.67. The stock's 50 day moving average is $3.59 and its 200 day moving average is $3.43.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a $0.015 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.14%.

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.

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