Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Grows By 12.9%

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 69,000 shares, an increase of 12.9% from the May 31st total of 61,100 shares. Based on an average daily trading volume, of 51,000 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its position in shares of MFS High Income Municipal Trust by 20.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 712,438 shares of the company’s stock valued at $2,586,000 after buying an additional 120,232 shares in the last quarter. Commonwealth Equity Services LLC raised its position in MFS High Income Municipal Trust by 0.6% during the first quarter. Commonwealth Equity Services LLC now owns 692,430 shares of the company’s stock valued at $2,514,000 after purchasing an additional 4,339 shares in the last quarter. Almitas Capital LLC bought a new stake in MFS High Income Municipal Trust during the third quarter worth about $1,081,000. Van ECK Associates Corp boosted its holdings in shares of MFS High Income Municipal Trust by 14.3% in the 4th quarter. Van ECK Associates Corp now owns 238,902 shares of the company’s stock worth $848,000 after purchasing an additional 29,936 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of MFS High Income Municipal Trust by 38.4% during the 4th quarter. Truist Financial Corp now owns 145,217 shares of the company’s stock valued at $516,000 after purchasing an additional 40,258 shares during the last quarter. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Stock Up 1.1 %

NYSE:CXE traded up $0.04 during trading hours on Wednesday, hitting $3.74. The stock had a trading volume of 25,754 shares, compared to its average volume of 52,315. The company has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.59. MFS High Income Municipal Trust has a one year low of $2.95 and a one year high of $3.76.

MFS High Income Municipal Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be paid a dividend of $0.016 per share. This is a positive change from MFS High Income Municipal Trust’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, July 16th. This represents a $0.19 annualized dividend and a yield of 5.13%.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.