MFS High Income Municipal Trust (NYSE:CXE) Short Interest Up 181.7% in April

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 52,400 shares, a growth of 181.7% from the April 15th total of 18,600 shares. Based on an average daily trading volume, of 57,000 shares, the short-interest ratio is presently 0.9 days.

MFS High Income Municipal Trust Stock Down 0.1 %

CXE stock traded down $0.01 during midday trading on Friday, hitting $3.61. 5,563 shares of the stock traded hands, compared to its average volume of 49,884. The stock's fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.50. MFS High Income Municipal Trust has a 1-year low of $2.95 and a 1-year high of $3.67.

MFS High Income Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Tuesday, May 14th.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Several institutional investors and hedge funds have recently modified their holdings of CXE. Saba Capital Management L.P. lifted its holdings in MFS High Income Municipal Trust by 18.1% during the third quarter. Saba Capital Management L.P. now owns 1,819,187 shares of the company's stock valued at $5,676,000 after purchasing an additional 278,981 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in MFS High Income Municipal Trust by 1.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 737,335 shares of the company's stock worth $2,300,000 after buying an additional 10,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in MFS High Income Municipal Trust by 20.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 712,438 shares of the company's stock worth $2,586,000 after buying an additional 120,232 shares in the last quarter. Almitas Capital LLC acquired a new position in shares of MFS High Income Municipal Trust during the third quarter valued at approximately $1,081,000. Finally, Van ECK Associates Corp boosted its stake in shares of MFS High Income Municipal Trust by 14.3% in the fourth quarter. Van ECK Associates Corp now owns 238,902 shares of the company's stock worth $848,000 after acquiring an additional 29,936 shares during the last quarter. Hedge funds and other institutional investors own 34.37% of the company's stock.

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.