Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Grows By 51.3%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 12,100 shares, a growth of 51.3% from the December 15th total of 8,000 shares. Based on an average daily volume of 44,000 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Several hedge funds have recently made changes to their positions in FMN. Avior Wealth Management LLC increased its holdings in shares of Federated Hermes Premier Municipal Income Fund by 50.1% in the third quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock valued at $69,000 after purchasing an additional 1,847 shares during the period. XML Financial LLC raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 11.2% during the third quarter. XML Financial LLC now owns 25,830 shares of the company’s stock worth $321,000 after purchasing an additional 2,600 shares during the last quarter. Capital Investment Advisors LLC lifted its position in Federated Hermes Premier Municipal Income Fund by 3.2% during the third quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after purchasing an additional 1,013 shares during the period. Bank of New York Mellon Corp boosted its holdings in Federated Hermes Premier Municipal Income Fund by 100.1% in the second quarter. Bank of New York Mellon Corp now owns 38,925 shares of the company’s stock valued at $445,000 after purchasing an additional 19,477 shares during the last quarter. Finally, Riverbridge Partners LLC acquired a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $447,000.

Federated Hermes Premier Municipal Income Fund Stock Up 0.3 %

NYSE:FMN traded up $0.03 during trading hours on Friday, hitting $11.11. 16,733 shares of the company were exchanged, compared to its average volume of 52,839. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.74 and a 52-week high of $12.53. The company’s 50 day moving average price is $11.13 and its 200-day moving average price is $11.61.

Federated Hermes Premier Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This is a positive change from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.