MFS High Income Municipal Trust (NYSE:CXE – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 57,913 shares, an increase of 127.0% from the May 14th total of 25,512 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 123,881 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CXE. UBS Group AG lifted its position in MFS High Income Municipal Trust by 76.4% during the fourth quarter. UBS Group AG now owns 1,235,110 shares of the company’s stock worth $4,570,000 after purchasing an additional 535,091 shares during the period. Closed End Fund Advisors Inc. acquired a new position in shares of MFS High Income Municipal Trust in the 4th quarter valued at approximately $997,000. Summit Financial LLC lifted its holdings in shares of MFS High Income Municipal Trust by 20.8% during the 4th quarter. Summit Financial LLC now owns 608,800 shares of the company’s stock worth $2,253,000 after acquiring an additional 104,750 shares during the period. Almitas Capital LLC boosted its position in shares of MFS High Income Municipal Trust by 8.2% during the 4th quarter. Almitas Capital LLC now owns 1,193,886 shares of the company’s stock worth $4,417,000 after acquiring an additional 90,456 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of MFS High Income Municipal Trust by 78.6% during the 4th quarter. NewEdge Advisors LLC now owns 166,429 shares of the company’s stock worth $616,000 after acquiring an additional 73,249 shares in the last quarter. Institutional investors own 34.37% of the company’s stock.
MFS High Income Municipal Trust Stock Performance
MFS High Income Municipal Trust stock opened at $3.66 on Friday. The stock’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $3.74. MFS High Income Municipal Trust has a one year low of $3.40 and a one year high of $3.88.
MFS High Income Municipal Trust Dividend Announcement
MFS High Income Municipal Trust Company Profile
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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