MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 10,100 shares, a decrease of 11.4% from the May 31st total of 11,400 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is currently 0.2 days.
MFS High Yield Municipal Trust Stock Up 0.3 %
CMU traded up $0.01 during trading on Wednesday, hitting $3.45. The company’s stock had a trading volume of 23,940 shares, compared to its average volume of 58,259. The business’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $3.31. MFS High Yield Municipal Trust has a one year low of $2.78 and a one year high of $3.45.
MFS High Yield Municipal Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be issued a $0.0145 dividend. This is a boost from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01. This represents a $0.17 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, July 16th.
Institutional Trading of MFS High Yield Municipal Trust
MFS High Yield Municipal Trust Company Profile
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.
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