Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 9,857 shares, a decline of 44.0% from the September 30th total of 17,597 shares. Based on an average daily volume of 67,017 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Federated Hermes Premier Municipal Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC grew its position in shares of Federated Hermes Premier Municipal Income Fund by 0.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 147,928 shares of the company’s stock worth $1,700,000 after acquiring an additional 1,001 shares in the last quarter. Bank of America Corp DE raised its position in shares of Federated Hermes Premier Municipal Income Fund by 7.0% during the 1st quarter. Bank of America Corp DE now owns 133,861 shares of the company’s stock valued at $1,463,000 after acquiring an additional 8,804 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Federated Hermes Premier Municipal Income Fund by 601.0% during the 1st quarter. Bank of New York Mellon Corp now owns 101,531 shares of the company’s stock valued at $1,110,000 after acquiring an additional 87,048 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in Federated Hermes Premier Municipal Income Fund during the third quarter worth $897,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Federated Hermes Premier Municipal Income Fund during the second quarter worth $840,000.
Federated Hermes Premier Municipal Income Fund Stock Performance
Shares of Federated Hermes Premier Municipal Income Fund stock opened at $10.51 on Tuesday. The firm’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $11.00. Federated Hermes Premier Municipal Income Fund has a 1 year low of $9.77 and a 1 year high of $11.76.
Federated Hermes Premier Municipal Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 23rd were issued a $0.0450 dividend. This represents a $0.54 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 23rd.
About Federated Hermes Premier Municipal Income Fund
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end investment fund managed by Federated Hermes. The fund seeks to provide a high level of current income that is exempt from regular federal income tax by investing primarily in municipal securities.
The fund’s portfolio may include bonds and other debt obligations issued by states, municipalities, public authorities and other governmental entities. These securities generally finance public projects and services such as schools, transportation systems, utilities, healthcare facilities and other infrastructure.
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