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

Key Points

• Short interest in MFS High Income Municipal Trust (NYSE:CXE) has dropped by 40.7%, with total short interest decreasing from 110,300 shares to 65,400 shares as of August 31st.
• Hedge funds and institutional investors own 34.37% of MFS High Income Municipal Trust, with various funds increasing their positions in the company.
• The trust announced a monthly dividend of $0.018, representing a 5.8% annualized yield, payable on September 30th to shareholders of record on September 16th.

MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 65,400 shares, a decrease of 40.7% from the August 15th total of 110,300 shares. Based on an average daily trading volume, of 77,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company's stock are short sold. Currently, 0.2% of the company's stock are short sold. Based on an average daily trading volume, of 77,000 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On MFS High Income Municipal Trust

A number of large investors have recently modified their holdings of the business. Whitebox Advisors LLC boosted its stake in shares of MFS High Income Municipal Trust by 7.4% during the 2nd quarter. Whitebox Advisors LLC now owns 483,300 shares of the company's stock worth $1,730,000 after buying an additional 33,258 shares during the last quarter. NewEdge Advisors LLC lifted its stake in MFS High Income Municipal Trust by 44.1% in the 2nd quarter. NewEdge Advisors LLC now owns 32,700 shares of the company's stock valued at $117,000 after purchasing an additional 10,000 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in MFS High Income Municipal Trust by 29.5% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 121,587 shares of the company's stock valued at $435,000 after purchasing an additional 27,708 shares during the last quarter. Cetera Investment Advisers lifted its stake in MFS High Income Municipal Trust by 47.2% in the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company's stock valued at $66,000 after purchasing an additional 5,903 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in MFS High Income Municipal Trust in the 2nd quarter valued at about $47,000. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Trading Down 0.8%

Shares of MFS High Income Municipal Trust stock traded down $0.03 during trading hours on Friday, reaching $3.68. 143,091 shares of the company's stock were exchanged, compared to its average volume of 82,330. The company has a 50 day moving average of $3.57 and a two-hundred day moving average of $3.57. MFS High Income Municipal Trust has a fifty-two week low of $3.38 and a fifty-two week high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.018 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. 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.