MFS Investment Grade Municipal Trust (CXH) Short Interest Ratio & Short Volume

Short interest is the volume of MFS Investment Grade Municipal Trust shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 6,900 shares of CXH short. Learn More on MFS Investment Grade Municipal Trust's current short interest.

MFS Investment Grade Municipal Trust saw a increase in short interest in March. As of March 31st, there was short interest totaling 6,900 shares, an increase of 81.6% from the previous total of 3,800 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.

Here is how the short interest of companies in the sector of "finance" compare to MFS Investment Grade Municipal Trust: Bain Capital Specialty Finance, Inc. (0.19%), Banco BBVA Argentina S.A. (1.03%), Banco Macro S.A. (1.52%), BlackRock TCP Capital Corp. (1.44%), Burford Capital Limited (0.58%), Grupo Financiero Galicia S.A. (2.52%), Grupo Supervielle S.A. (0.61%), Intercorp Financial Services Inc. (0.47%), Itaú Unibanco Holding S.A. (0.43%), Monroe Capital Co. (0.27%), and

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling CXH is an investing strategy that aims to generate trading profit from MFS Investment Grade Municipal Trust as its price is falling. To short a 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 a stock 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 Investment Grade 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 CXH, 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 CXH, twice per month. The most recent reporting period available is March, 31 2024.