MFS High Income Municipal Trust Short Interest Ratio and Short Volume

Short interest is the volume of MFS High Income Municipal Trust shares that have been sold short but have not yet been covered or closed out. As of October 30th, traders have sold 49,800 shares of CXE short. 0.00% of MFS High Income Municipal Trust's shares are currently sold short. View details.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MFS High Income Municipal Trust currently has a short interest ratio of 1.0.

MFS High Income Municipal Trust saw a increase in short interest in October. As of October 30th, there was short interest totaling 49,800 shares, an increase of 149.0% from the previous total of 20,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of MFS High Income Municipal Trust's shares are currently sold short. Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to MFS High Income Municipal Trust: Invesco California Value Municipal Income Trust (0.00%), BlackRock MuniVest Fund, Inc. (0.00%), Western Asset Managed Municipals Fund Inc. (0.00%), BlackRock MuniAssets Fund, Inc. (0.00%), John Hancock Financial Opportunities Fund (0.00%), BlackRock MuniHoldings Investment Quality Fund (0.00%), Eaton Vance Municipal Income Trust (0.00%), BlackRock MuniYield Quality Fund, Inc. (0.00%), Nuveen Pennsylvania Quality Municipal Income Fund (0.00%), and BNY Mellon Strategic Municipals, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling CXE is an investing strategy that aims to generate trading profit from MFS High Income Municipal Trust as its price is falling. MFS High Income Municipal Trust's stock is trading up $0.05 today. To short MFS High Income Municipal Trust stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that MFS High Income Municipal Trust will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for MFS High Income Municipal Trust occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CXE, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CXE, twice per month. The most recent reporting period available is October, 30 2020.