MFS High Income Municipal Trust (NYSE:CXE) Short Interest Down 26.9% in March

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 56,600 shares, a decrease of 26.9% from the February 28th total of 77,400 shares. Based on an average daily volume of 90,700 shares, the days-to-cover ratio is currently 0.6 days.

MFS High Income Municipal Trust Trading Up 0.4 %

CXE traded up $0.02 during trading on Tuesday, hitting $3.71. 44,109 shares of the stock were exchanged, compared to its average volume of 67,584. MFS High Income Municipal Trust has a 1-year low of $3.46 and a 1-year high of $4.03. The stock has a fifty day moving average price of $3.75 and a two-hundred day moving average price of $3.79.

MFS High Income Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.016 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.18%.

Institutional Trading of MFS High Income Municipal Trust

A number of large investors have recently bought and sold shares of CXE. Almitas Capital LLC increased its stake in MFS High Income Municipal Trust by 27.9% in the fourth quarter. Almitas Capital LLC now owns 921,837 shares of the company’s stock valued at $3,392,000 after purchasing an additional 200,984 shares during the period. Noble Wealth Management PBC acquired a new position in MFS High Income Municipal Trust in the 4th quarter valued at about $501,000. Whitebox Advisors LLC raised its stake in MFS High Income Municipal Trust by 96.5% during the 4th quarter. Whitebox Advisors LLC now owns 229,223 shares of the company’s stock valued at $844,000 after acquiring an additional 112,598 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of MFS High Income Municipal Trust in the 4th quarter valued at approximately $321,000. Finally, Bank of America Corp DE increased its holdings in shares of MFS High Income Municipal Trust by 4.7% in the fourth quarter. Bank of America Corp DE now owns 1,262,545 shares of the company’s stock valued at $4,646,000 after purchasing an additional 56,854 shares during the period. Institutional investors and hedge funds own 34.37% of the company’s stock.

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.