MFS Investment Grade Municipal Trust (NYSE:CXH) Sees Significant Increase in Short Interest

Posted by Brenda Bartman on May 28th, 2026

MFS Investment Grade Municipal Trust (NYSE:CXH – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 250,757 shares, a growth of 388.0% from the April 30th total of 51,386 shares. Based on an average daily volume of 91,158 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.1% of the shares of the company are short sold.

MFS Investment Grade Municipal Trust Stock Performance

CXH traded up $0.01 during trading hours on Thursday, hitting $7.54. 32,967 shares of the stock were exchanged, compared to its average volume of 43,301. The stock has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $8.07. MFS Investment Grade Municipal Trust has a 12 month low of $7.34 and a 12 month high of $8.42.

MFS Investment Grade Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a dividend of $0.034 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On MFS Investment Grade Municipal Trust

Several large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in MFS Investment Grade Municipal Trust during the first quarter worth $54,000. Rivernorth Capital Management LLC lifted its stake in MFS Investment Grade Municipal Trust by 14.0% in the first quarter. Rivernorth Capital Management LLC now owns 576,479 shares of the company’s stock valued at $4,606,000 after buying an additional 70,996 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in MFS Investment Grade Municipal Trust by 109.6% in the first quarter. Bank of New York Mellon Corp now owns 62,969 shares of the company’s stock valued at $503,000 after buying an additional 32,925 shares during the last quarter. Evolve Private Wealth LLC lifted its stake in MFS Investment Grade Municipal Trust by 33.9% in the first quarter. Evolve Private Wealth LLC now owns 20,755 shares of the company’s stock valued at $166,000 after buying an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in MFS Investment Grade Municipal Trust in the fourth quarter valued at $2,166,000.

About MFS Investment Grade Municipal Trust

(Get Free Report)

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.