MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Update

MFS Investment Grade Municipal Trust (NYSE:CXH) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 32,576 shares, a decrease of 24.5% from the February 26th total of 43,155 shares. Based on an average daily trading volume, of 37,113 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

MFS Investment Grade Municipal Trust Price Performance

Shares of MFS Investment Grade Municipal Trust stock traded down $0.04 during midday trading on Tuesday, hitting $8.02. 101,190 shares of the company were exchanged, compared to its average volume of 18,588. The firm has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $8.01. MFS Investment Grade Municipal Trust has a 52 week low of $7.34 and a 52 week high of $8.39.

MFS Investment Grade Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.034 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

Several large investors have recently made changes to their positions in CXH. Center for Financial Planning Inc. bought a new position in MFS Investment Grade Municipal Trust during the 3rd quarter valued at about $36,000. Evolve Private Wealth LLC bought a new stake in MFS Investment Grade Municipal Trust during the fourth quarter worth about $123,000. Closed End Fund Advisors Inc. acquired a new stake in shares of MFS Investment Grade Municipal Trust during the fourth quarter worth approximately $123,000. Susquehanna International Group LLP acquired a new stake in shares of MFS Investment Grade Municipal Trust during the third quarter worth approximately $124,000. Finally, Bank of America Corp DE raised its stake in shares of MFS Investment Grade Municipal Trust by 11.9% in the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock valued at $134,000 after acquiring an additional 1,860 shares during the last quarter.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.