Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 12,284 shares, a decrease of 36.7% from the May 31st total of 19,399 shares. Based on an average daily trading volume, of 18,716 shares, the days-to-cover ratio is presently 0.7 days.

Federated Hermes Premier Municipal Income Fund Stock Down 0.2%

NYSE FMN traded down $0.02 during trading on Thursday, reaching $11.43. 17,552 shares of the company’s stock were exchanged, compared to its average volume of 24,573. The company has a 50 day moving average price of $11.25 and a two-hundred day moving average price of $11.18. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.40 and a 1 year high of $11.76.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.045 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC boosted its holdings in Federated Hermes Premier Municipal Income Fund by 13.2% in the second quarter. Noble Wealth Management PBC now owns 43,250 shares of the company’s stock valued at $497,000 after purchasing an additional 5,050 shares in the last quarter. Bank of America Corp DE raised its holdings in Federated Hermes Premier Municipal Income Fund by 7.0% during the first quarter. Bank of America Corp DE now owns 133,861 shares of the company’s stock worth $1,463,000 after purchasing an additional 8,804 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of Federated Hermes Premier Municipal Income Fund by 484.2% during the 1st quarter. Rivernorth Capital Management LLC now owns 146,927 shares of the company’s stock worth $1,606,000 after buying an additional 121,777 shares during the last quarter. Bulldog Investors LLP purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the 1st quarter worth approximately $374,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the 1st quarter worth approximately $30,000.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.