Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Expands By 72.9%

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 25,512 shares, a growth of 72.9% from the April 30th total of 14,752 shares. Based on an average daily volume of 68,098 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

MFS High Income Municipal Trust Price Performance

NYSE CXE traded up $0.03 during mid-day trading on Thursday, reaching $3.68. 53,788 shares of the stock were exchanged, compared to its average volume of 78,127. MFS High Income Municipal Trust has a one year low of $3.40 and a one year high of $3.88. The stock has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $3.74.

MFS High Income Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.018 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Thursday, May 21st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Indivisible Partners purchased a new position in MFS High Income Municipal Trust during the 4th quarter worth $39,000. Patriot Financial Group Insurance Agency LLC purchased a new position in MFS High Income Municipal Trust during the first quarter worth about $53,000. Goldman Sachs Group Inc. bought a new stake in MFS High Income Municipal Trust in the 4th quarter worth about $55,000. Nomura Holdings Inc. bought a new stake in MFS High Income Municipal Trust in the 3rd quarter worth about $56,000. Finally, StoneX Group Inc. purchased a new stake in MFS High Income Municipal Trust in the 4th quarter valued at about $58,000. 34.37% of the stock is owned by institutional investors.

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.