Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 16,217 shares, an increase of 26.4% from the February 12th total of 12,832 shares. Based on an average trading volume of 35,642 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 35,642 shares, the days-to-cover ratio is currently 0.5 days.

Federated Hermes Premier Municipal Income Fund Stock Performance

NYSE:FMN traded up $0.05 during mid-day trading on Monday, hitting $11.11. The company’s stock had a trading volume of 16,307 shares, compared to its average volume of 27,682. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.11 and a fifty-two week high of $11.38. The stock has a fifty day moving average of $11.23 and a 200-day moving average of $11.11.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 23rd will be issued a $0.045 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Several institutional investors have recently bought and sold shares of FMN. Pathstone Holdings LLC grew its position in Federated Hermes Premier Municipal Income Fund by 30.8% in the third quarter. Pathstone Holdings LLC now owns 339,848 shares of the company’s stock valued at $3,752,000 after acquiring an additional 80,046 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Federated Hermes Premier Municipal Income Fund by 33.1% during the second quarter. Guggenheim Capital LLC now owns 275,617 shares of the company’s stock valued at $2,933,000 after acquiring an additional 68,566 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 105.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 71,605 shares of the company’s stock valued at $791,000 after purchasing an additional 36,680 shares in the last quarter. Riverbridge Partners LLC boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 34.8% in the 4th quarter. Riverbridge Partners LLC now owns 125,699 shares of the company’s stock valued at $1,397,000 after purchasing an additional 32,478 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter worth about $330,000.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.