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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 11,173 shares, a decrease of 48.1% from the December 15th total of 21,527 shares. Based on an average trading volume of 35,169 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 35,169 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in Federated Hermes Premier Municipal Income Fund in the third quarter worth about $173,000. PFG Investments LLC purchased a new position in shares of Federated Hermes Premier Municipal Income Fund in the 3rd quarter worth approximately $173,000. Alpine Global Management LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund during the 3rd quarter valued at approximately $200,000. Melfa Wealth Management Inc. increased its position in shares of Federated Hermes Premier Municipal Income Fund by 6.8% during the 2nd quarter. Melfa Wealth Management Inc. now owns 26,121 shares of the company’s stock valued at $278,000 after purchasing an additional 1,655 shares during the last quarter. Finally, North Ground Capital raised its holdings in Federated Hermes Premier Municipal Income Fund by 72.8% during the 3rd quarter. North Ground Capital now owns 34,371 shares of the company’s stock valued at $379,000 after buying an additional 14,481 shares during the period.

Federated Hermes Premier Municipal Income Fund Trading Down 0.1%

Shares of FMN stock traded down $0.01 on Friday, reaching $11.21. The company’s stock had a trading volume of 20,019 shares, compared to its average volume of 28,847. The stock’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $10.93. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.11 and a 1 year high of $11.38.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 23rd will be paid a $0.045 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, January 23rd.

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.