MFS High Income Municipal Trust (NYSE:CXE – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,752 shares, a growth of 265.6% from the April 15th total of 4,035 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,707 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of MFS High Income Municipal Trust
Hedge funds have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of MFS High Income Municipal Trust during the 1st quarter worth $53,000. Riverbridge Partners LLC boosted its stake in shares of MFS High Income Municipal Trust by 17.9% in the 1st quarter. Riverbridge Partners LLC now owns 101,715 shares of the company’s stock valued at $377,000 after purchasing an additional 15,429 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at $997,000. Goldman Sachs Group Inc. purchased a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at $55,000. Finally, Novak & Powell Financial Services Inc. purchased a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at $139,000. 34.37% of the stock is owned by institutional investors.
MFS High Income Municipal Trust Price Performance
NYSE:CXE opened at $3.75 on Thursday. MFS High Income Municipal Trust has a 52-week low of $3.40 and a 52-week high of $3.88. The stock has a fifty day moving average of $3.75 and a 200 day moving average of $3.75.
MFS High Income Municipal Trust Announces Dividend
About MFS High Income Municipal Trust
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.
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