Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Up 96.0% in July

Posted by Geri Gentry on Aug 16th, 2026

Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 59,313 shares, a growth of 96.0% from the July 15th total of 30,266 shares. Based on an average daily trading volume, of 23,355 shares, the days-to-cover ratio is currently 2.5 days.

Federated Hermes Premier Municipal Income Fund Stock Down 0.0%

Shares of NYSE:FMN traded down $0.00 during midday trading on Friday, reaching $11.19. The company’s stock had a trading volume of 32,345 shares, compared to its average volume of 24,798. The firm has a 50 day moving average of $11.27 and a 200-day moving average of $11.20. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.56 and a 12-month high of $11.76.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be paid a $0.045 dividend. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund in the first quarter worth $30,000. Camelot Portfolios LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the 4th quarter worth about $72,000. HighTower Advisors LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter valued at about $119,000. Jane Street Group LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter valued at about $120,000. Finally, Citadel Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund during the 3rd quarter valued at about $173,000.

About Federated Hermes Premier Municipal Income Fund

(Get Free Report)

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.