MFS High Income Municipal Trust (NYSE:CXE – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 38,000 shares, an increase of 14.1% from the September 30th total of 33,300 shares. Based on an average daily trading volume, of 62,700 shares, the days-to-cover ratio is currently 0.6 days.
MFS High Income Municipal Trust Stock Performance
Shares of NYSE:CXE remained flat at $3.79 during midday trading on Thursday. 26,292 shares of the stock traded hands, compared to its average volume of 56,967. MFS High Income Municipal Trust has a 52-week low of $3.02 and a 52-week high of $4.03. The stock’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $3.75.
MFS High Income Municipal Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.016 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.07%.
Hedge Funds Weigh In On MFS High Income Municipal Trust
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.
Further Reading
- Five stocks we like better than MFS High Income Municipal Trust
- CD Calculator: Certificate of Deposit Calculator
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- Insider Trading – What You Need to Know
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Find and Profitably Trade Stocks at 52-Week Lows
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for MFS High Income Municipal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS High Income Municipal Trust and related companies with MarketBeat.com's FREE daily email newsletter.