MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update
by Michael Walen · The Markets DailyMFS Intermediate High Income Fund (NYSE:CIF – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 38,654 shares, a growth of 45.7% from the November 30th total of 26,521 shares. Based on an average daily volume of 62,416 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 62,416 shares, the days-to-cover ratio is presently 0.6 days.
MFS Intermediate High Income Fund Stock Performance
NYSE CIF traded down $0.01 during trading hours on Monday, hitting $1.71. 41,601 shares of the company’s stock traded hands, compared to its average volume of 65,053. The business’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.74. MFS Intermediate High Income Fund has a 52 week low of $1.52 and a 52 week high of $1.82.
MFS Intermediate High Income Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.0145 dividend. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Tuesday, December 16th.
Hedge Funds Weigh In On MFS Intermediate High Income Fund
An institutional investor recently bought a new position in MFS Intermediate High Income Fund stock. Kovack Advisors Inc. bought a new position in MFS Intermediate High Income Fund (NYSE:CIF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,527 shares of the company’s stock, valued at approximately $27,000. Kovack Advisors Inc. owned 0.09% of MFS Intermediate High Income Fund as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.85% of the company’s stock.
MFS Intermediate High Income Fund Company Profile
MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.
The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.