MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Down 36.5% in January

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 2,166 shares, a decrease of 36.5% from the December 31st total of 3,411 shares. Based on an average daily volume of 42,994 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 42,994 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. grew its holdings in shares of MFS Intermediate High Income Fund (NYSE:CIF) by 107.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,900 shares of the company’s stock after purchasing an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned about 0.92% of MFS Intermediate High Income Fund worth $293,000 at the end of the most recent quarter. 6.85% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate High Income Fund Stock Down 0.2%

Shares of MFS Intermediate High Income Fund stock traded down $0.00 during trading on Monday, reaching $1.72. 36,993 shares of the company were exchanged, compared to its average volume of 55,260. MFS Intermediate High Income Fund has a twelve month low of $1.52 and a twelve month high of $1.82. The business has a 50-day moving average price of $1.72 and a 200-day moving average price of $1.74.

MFS Intermediate High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.0146 per share. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Tuesday, January 20th.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate?duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.