MFS Active Intermediate Muni Bond ETF (NYSE:MFSM – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 93,831 shares, an increase of 171.2% from the August 31st total of 34,604 shares. Based on an average trading volume of 131,167 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.2% of the company’s stock are short sold.
MFS Active Intermediate Muni Bond ETF Trading Down 0.3%
Shares of MFSM stock opened at $23.69 on Friday. The firm has a 50-day moving average of $24.56 and a 200-day moving average of $24.90. MFS Active Intermediate Muni Bond ETF has a one year low of $23.11 and a one year high of $25.55.
Institutional Investors Weigh In On MFS Active Intermediate Muni Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in MFSM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of MFS Active Intermediate Muni Bond ETF during the 2nd quarter worth approximately $1,774,000. Kestra Private Wealth Services LLC purchased a new stake in shares of MFS Active Intermediate Muni Bond ETF during the first quarter valued at approximately $1,551,000. Ascentis Independent Advisors purchased a new stake in shares of MFS Active Intermediate Muni Bond ETF during the first quarter valued at approximately $783,000. Private Advisor Group LLC bought a new stake in MFS Active Intermediate Muni Bond ETF during the first quarter worth $371,000. Finally, FAS Wealth Partners Inc. lifted its holdings in MFS Active Intermediate Muni Bond ETF by 5.1% during the first quarter. FAS Wealth Partners Inc. now owns 67,656 shares of the company’s stock worth $1,682,000 after acquiring an additional 3,261 shares during the period.
About MFS Active Intermediate Muni Bond ETF
The MFS Active Intermediate Muni Bond ETF (MFSM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that consists of intermediate-term, tax-exempt US municipal bonds. It primarily invests in investment grade debt instruments but may also include high-yield bonds MFSM was launched on Dec 5, 2024 and is issued by MFS.
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