MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 276.5% in September

by · The Cerbat Gem

MFS Intermediate High Income Fund (NYSE:CIF – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 49,700 shares, a growth of 276.5% from the September 15th total of 13,200 shares. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Wolverine Asset Management LLC increased its position in shares of MFS Intermediate High Income Fund (NYSE:CIF – Free Report) by 6,389.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,468 shares of the company’s stock after buying an additional 19,168 shares during the quarter. Wolverine Asset Management LLC owned 0.10% of MFS Intermediate High Income Fund worth $33,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

Shares of MFS Intermediate High Income Fund stock traded up $0.00 on Thursday, hitting $1.79. 59,925 shares of the company’s stock traded hands, compared to its average volume of 47,303. The firm’s 50-day moving average price is $1.77 and its two-hundred day moving average price is $1.72. MFS Intermediate High Income Fund has a one year low of $1.47 and a one year high of $1.83.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 annualized dividend and a yield of 10.09%.

MFS Intermediate High Income Fund Company Profile

(Get Free Report)

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.

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