MFS High Yield Municipal Trust (NYSE:CMU) Sees Large Increase in Short Interest

MFS High Yield Municipal Trust (NYSE:CMU) 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

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the 2nd quarter valued at approximately $42,000. Simplicity Wealth LLC acquired a new position in shares of MFS High Yield Municipal Trust during the second quarter valued at $46,000. Ackerman Capital Advisors LLC bought a new position in shares of MFS High Yield Municipal Trust during the third quarter worth about $70,000. Blue Bell Private Wealth Management LLC grew its position in shares of MFS High Yield Municipal Trust by 137.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after acquiring an additional 22,754 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after purchasing an additional 33,890 shares during the last quarter. Institutional investors own 32.39% of the company’s stock.

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.