MFS High Income Municipal Trust (NYSE:CXE) Short Interest Down 26.9% in March

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 56,600 shares, a decline of 26.9% from the February 28th total of 77,400 shares. Based on an average daily volume of 90,700 shares, the short-interest ratio is currently 0.6 days.

MFS High Income Municipal Trust Stock Performance

Shares of MFS High Income Municipal Trust stock traded up $0.01 on Monday, hitting $3.69. The company had a trading volume of 40,665 shares, compared to its average volume of 67,747. MFS High Income Municipal Trust has a 1 year low of $3.46 and a 1 year high of $4.03. The stock has a 50 day moving average of $3.75 and a 200-day moving average of $3.79.

MFS High Income Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Tuesday, March 18th.

Hedge Funds Weigh In On MFS High Income Municipal Trust

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in MFS High Income Municipal Trust by 30.5% during the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock worth $77,000 after purchasing an additional 4,468 shares during the last quarter. Whitebox Advisors LLC increased its position in shares of MFS High Income Municipal Trust by 9.9% during the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after acquiring an additional 10,475 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of MFS High Income Municipal Trust by 1.9% during the fourth quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company’s stock valued at $2,282,000 after acquiring an additional 11,405 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of MFS High Income Municipal Trust during the 4th quarter worth $43,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of MFS High Income Municipal Trust in the fourth quarter valued at $46,000. 34.37% of the stock is owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.