MFS Intermediate High Income Fund (NYSE:CIF) Sees Large Increase in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,991 shares, a growth of 209.9% from the April 30th total of 965 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 62,006 shares, the days-to-cover ratio is currently 0.0 days.

MFS Intermediate High Income Fund Stock Down 0.3%

Shares of NYSE CIF traded down $0.01 during trading hours on Friday, hitting $1.62. The company’s stock had a trading volume of 62,543 shares, compared to its average volume of 57,376. MFS Intermediate High Income Fund has a 12 month low of $1.57 and a 12 month high of $1.82. The business has a 50-day simple moving average of $1.62 and a 200-day simple moving average of $1.68.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.0142 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 10.6%.

Institutional Trading of MFS Intermediate High Income Fund

Several large investors have recently bought and sold shares of CIF. Pin Oak Investment Advisors Inc. boosted its position in MFS Intermediate High Income Fund by 107.6% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $293,000 after acquiring an additional 86,000 shares in the last quarter. Jane Street Group LLC bought a new stake in MFS Intermediate High Income Fund during the 4th quarter valued at approximately $31,000. Finally, Sit Investment Associates Inc. boosted its position in MFS Intermediate High Income Fund by 25.0% during the 4th 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.

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.