MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Increase in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) 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

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in MFS High Income Municipal Trust in the second quarter worth about $43,000. WMG Financial Advisors LLC bought a new position in shares of MFS High Income Municipal Trust in the 2nd quarter worth approximately $78,000. Simplicity Wealth LLC purchased a new position in shares of MFS High Income Municipal Trust in the 2nd quarter valued at approximately $91,000. Capital Investment Advisors LLC grew its stake in MFS High Income Municipal Trust by 4.9% in the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after purchasing an additional 3,126 shares during the period. Finally, Matisse Capital bought a new position in MFS High Income Municipal Trust in the first quarter worth $265,000. 34.37% of the stock is owned by hedge funds and other institutional investors.

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.