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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 12,284 shares, a decline of 36.7% from the May 31st total of 19,399 shares. Based on an average trading volume of 18,716 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in Federated Hermes Premier Municipal Income Fund during the first quarter worth approximately $30,000. Camelot Portfolios LLC acquired a new stake in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $72,000. HighTower Advisors LLC acquired a new stake in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $119,000. Jane Street Group LLC purchased a new position in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth approximately $120,000. Finally, Savvy Advisors Inc. acquired a new position in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter valued at $143,000.

Federated Hermes Premier Municipal Income Fund Stock Performance

NYSE FMN traded down $0.02 during trading hours on Thursday, hitting $11.43. The company had a trading volume of 17,552 shares, compared to its average volume of 24,573. The business has a 50 day moving average of $11.25 and a 200-day moving average of $11.18. Federated Hermes Premier Municipal Income Fund has a 1-year low of $10.40 and a 1-year high of $11.76.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 23rd were issued a $0.045 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Federated Hermes Premier Municipal Income Fund

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.