MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Drop in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 30,470 shares, a decline of 34.5% from the November 30th total of 46,498 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 152,668 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 152,668 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CXE. Allworth Financial LP bought a new position in shares of MFS High Income Municipal Trust during the second quarter valued at $47,000. Nomura Holdings Inc. bought a new stake in shares of MFS High Income Municipal Trust in the third quarter worth $56,000. ACT Advisors LLC. acquired a new stake in MFS High Income Municipal Trust in the third quarter valued at $66,000. Cetera Investment Advisers raised its position in MFS High Income Municipal Trust by 47.2% during the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company’s stock worth $66,000 after purchasing an additional 5,903 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in MFS High Income Municipal Trust during the 3rd quarter worth $84,000. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Trading Down 0.5%

Shares of CXE traded down $0.02 during midday trading on Monday, hitting $3.68. The company’s stock had a trading volume of 296,349 shares, compared to its average volume of 133,743. MFS High Income Municipal Trust has a one year low of $3.38 and a one year high of $3.85. The company’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $3.64.

MFS High Income Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 5.9%.

About MFS High Income Municipal Trust

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.