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

by · The Markets Daily

MFS High Income Municipal Trust (NYSE:CXE – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 30,470 shares, a decrease of 34.5% from the November 30th total of 46,498 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 152,668 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 152,668 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

MFS High Income Municipal Trust Stock Performance

MFS High Income Municipal Trust stock traded down $0.02 during mid-day trading on Monday, hitting $3.68. 296,349 shares of the company’s stock were exchanged, compared to its average volume of 133,743. MFS High Income Municipal Trust has a fifty-two week low of $3.38 and a fifty-two week high of $3.85. The company’s 50 day simple moving average is $3.72 and its 200-day simple moving average is $3.64.

MFS High Income Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.018 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 5.9%.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Almitas Capital LLC lifted its holdings in shares of MFS High Income Municipal Trust by 13.6% during the first quarter. Almitas Capital LLC now owns 1,047,002 shares of the company’s stock worth $3,863,000 after buying an additional 125,165 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of MFS High Income Municipal Trust in the first quarter valued at about $84,000. Allworth Financial LP bought a new position in MFS High Income Municipal Trust during the second quarter worth about $47,000. Cetera Investment Advisers raised 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 worth $66,000 after purchasing an additional 5,903 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised 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 worth $435,000 after purchasing an additional 27,708 shares in the last quarter. 34.37% of the stock is owned by institutional investors.

About MFS High Income Municipal Trust

(Get Free Report)

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.

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