Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Increases By 711.7%

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 29,351 shares, an increase of 711.7% from the December 31st total of 3,616 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 121,922 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 121,922 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in MFS High Income Municipal Trust during the 3rd quarter worth about $84,000. Nomura Holdings Inc. acquired a new stake in MFS High Income Municipal Trust during the third quarter worth approximately $56,000. Citadel Advisors LLC increased its holdings in MFS High Income Municipal Trust by 19.1% in the third quarter. Citadel Advisors LLC now owns 25,812 shares of the company’s stock worth $96,000 after purchasing an additional 4,142 shares in the last quarter. Bulldog Investors LLP lifted its stake in MFS High Income Municipal Trust by 1.4% in the third quarter. Bulldog Investors LLP now owns 449,633 shares of the company’s stock valued at $1,673,000 after buying an additional 6,002 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of MFS High Income Municipal Trust by 5.7% during the 3rd quarter. Truist Financial Corp now owns 94,195 shares of the company’s stock worth $350,000 after buying an additional 5,094 shares in the last quarter. 34.37% of the stock is owned by institutional investors.

MFS High Income Municipal Trust Trading Up 0.8%

Shares of CXE traded up $0.03 during mid-day trading on Wednesday, reaching $3.77. The company had a trading volume of 36,209 shares, compared to its average volume of 103,932. The company’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.67. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $3.85.

MFS High Income Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be given a $0.018 dividend. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 5.7%.

About MFS High Income Municipal Trust

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.