MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 10,300 shares, an increase of 98.1% from the September 30th total of 5,200 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 0.2 days.
MFS High Yield Municipal Trust Price Performance
NYSE CMU remained flat at $3.56 on Monday. The company’s stock had a trading volume of 14,688 shares, compared to its average volume of 54,649. The company has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.47. MFS High Yield Municipal Trust has a 12-month low of $2.78 and a 12-month high of $3.70.
MFS High Yield Municipal Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Trading of MFS High Yield Municipal Trust
About MFS High Yield Municipal Trust
MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
Featured Stories
- Five stocks we like better than MFS High Yield Municipal Trust
- How to Plot Fibonacci Price Inflection Levels
- Inflation Risk Rising, Key Trades Investors Are Making Now
- What is Short Interest? How to Use It
- 3 Oil Stocks to Watch Before Earnings Come Out
- Financial Services Stocks Investing
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
Receive News & Ratings for MFS High Yield Municipal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS High Yield Municipal Trust and related companies with MarketBeat.com's FREE daily email newsletter.