Short Interest in MFS High Yield Municipal Trust (NYSE:CMU) Rises By 131.3%

MFS High Yield Municipal Trust (NYSE:CMU) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 162,800 shares, an increase of 131.3% from the November 30th total of 70,400 shares. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 2.6 days.

MFS High Yield Municipal Trust Price Performance

CMU stock opened at $3.51 on Friday. The company’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $3.56. MFS High Yield Municipal Trust has a 12 month low of $3.20 and a 12 month high of $3.70.

MFS High Yield Municipal Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0145 per share. The ex-dividend date is Tuesday, December 17th.

Institutional Trading of MFS High Yield Municipal Trust

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in MFS High Yield Municipal Trust in the 3rd quarter valued at approximately $37,000. Sanctuary Advisors LLC bought a new stake in MFS High Yield Municipal Trust during the 2nd quarter worth approximately $42,000. Ackerman Capital Advisors LLC acquired a new position in MFS High Yield Municipal Trust in the 3rd quarter valued at approximately $70,000. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $135,000 after acquiring an additional 22,754 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of MFS High Yield Municipal Trust by 270.9% in the third quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock worth $170,000 after purchasing an additional 33,890 shares during the last quarter. 32.39% of the stock is owned by institutional investors and hedge funds.

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.