MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 14,465 shares, a growth of 281.1% from the May 31st total of 3,796 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 115,592 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of MFS Intermediate High Income Fund during the 4th quarter valued at approximately $31,000. Pin Oak Investment Advisors Inc. increased its stake in shares of MFS Intermediate High Income Fund by 107.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock worth $293,000 after buying an additional 86,000 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in MFS Intermediate High Income Fund by 25.0% in the fourth quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock valued at $2,468,000 after acquiring an additional 290,356 shares in the last quarter. 6.85% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate High Income Fund Stock Performance

Shares of NYSE CIF remained flat at $1.60 during midday trading on Friday. The stock had a trading volume of 63,396 shares, compared to its average volume of 77,608. MFS Intermediate High Income Fund has a twelve month low of $1.57 and a twelve month high of $1.82. The stock’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $1.66.

MFS Intermediate High Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.0141 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date was Monday, June 8th.

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.