Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Grows By 49.4%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 19,785 shares, an increase of 49.4% from the March 15th total of 13,247 shares. Based on an average trading volume of 33,550 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Large investors have recently modified their holdings of the business. Camelot Portfolios LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth $72,000. HighTower Advisors LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth $119,000. Jane Street Group LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth $120,000. Savvy Advisors Inc. purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth $143,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the third quarter worth $173,000.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of Federated Hermes Premier Municipal Income Fund stock remained flat at $11.22 during trading hours on Wednesday. 10,670 shares of the stock were exchanged, compared to its average volume of 28,333. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.34 and a fifty-two week high of $11.38. The firm has a 50-day moving average price of $11.13 and a two-hundred day moving average price of $11.12.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Thursday, April 23rd will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

About Federated Hermes Premier Municipal Income Fund

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.