Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Increases By 127.0%

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 57,913 shares, an increase of 127.0% from the May 14th total of 25,512 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 123,881 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Hedge funds have recently bought and sold shares of the business. Indivisible Partners purchased a new stake in MFS High Income Municipal Trust in the 4th quarter worth about $39,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in MFS High Income Municipal Trust in the 1st quarter worth about $53,000. Goldman Sachs Group Inc. purchased a new stake in MFS High Income Municipal Trust in the 4th quarter worth about $55,000. Nomura Holdings Inc. purchased a new stake in MFS High Income Municipal Trust in the 3rd quarter worth about $56,000. Finally, StoneX Group Inc. purchased a new stake in MFS High Income Municipal Trust in the 4th quarter worth about $58,000. 34.37% of the stock is owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Price Performance

Shares of MFS High Income Municipal Trust stock opened at $3.66 on Monday. The stock has a 50-day moving average price of $3.70 and a 200 day moving average price of $3.74. MFS High Income Municipal Trust has a 1 year low of $3.40 and a 1 year high of $3.88.

MFS High Income Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.018 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, May 21st.

MFS High Income Municipal Trust Company Profile

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.