Short Interest in MFS Investment Grade Municipal Trust (NYSE:CXH) Rises By 175.7%

MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 19,300 shares, an increase of 175.7% from the May 15th total of 7,000 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 17,800 shares, the short-interest ratio is currently 1.1 days.

MFS Investment Grade Municipal Trust Stock Performance

Shares of MFS Investment Grade Municipal Trust stock remained flat at $7.61 during trading on Friday. 1,785 shares of the stock traded hands, compared to its average volume of 17,717. The business's fifty day simple moving average is $7.61 and its two-hundred day simple moving average is $7.89. MFS Investment Grade Municipal Trust has a 1-year low of $7.36 and a 1-year high of $8.36.

MFS Investment Grade Municipal Trust Dividend Announcement

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

Institutional Trading of MFS Investment Grade Municipal Trust

Several institutional investors have recently made changes to their positions in CXH. Noble Wealth Management PBC acquired a new stake in shares of MFS Investment Grade Municipal Trust during the 4th quarter valued at about $53,000. LPL Financial LLC boosted its position in shares of MFS Investment Grade Municipal Trust by 52.0% during the 4th quarter. LPL Financial LLC now owns 18,137 shares of the company's stock valued at $145,000 after acquiring an additional 6,201 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MFS Investment Grade Municipal Trust during the 4th quarter valued at about $230,000. Bank of New York Mellon Corp boosted its position in shares of MFS Investment Grade Municipal Trust by 41.0% during the 4th quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company's stock valued at $555,000 after acquiring an additional 20,186 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in shares of MFS Investment Grade Municipal Trust by 36.5% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,088 shares of the company's stock valued at $776,000 after acquiring an additional 25,965 shares in the last quarter.

About MFS Investment Grade Municipal Trust

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.

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