Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Down 77.9% in March

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,300 shares, a drop of 77.9% from the March 15th total of 14,900 shares. Based on an average daily volume of 39,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

A number of institutional investors have recently made changes to their positions in FMN. American National Bank & Trust acquired a new position in Federated Hermes Premier Municipal Income Fund in the first quarter valued at about $38,000. Capital Market Strategies LLC boosted its stake in Federated Hermes Premier Municipal Income Fund by 8.0% during the 1st quarter. Capital Market Strategies LLC now owns 20,536 shares of the company’s stock worth $223,000 after acquiring an additional 1,525 shares during the last quarter. Logan Stone Capital LLC grew its holdings in Federated Hermes Premier Municipal Income Fund by 27.2% during the fourth quarter. Logan Stone Capital LLC now owns 47,290 shares of the company’s stock valued at $516,000 after purchasing an additional 10,119 shares during the period. CF Capital LLC bought a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $257,000. Finally, Bank of America Corp DE raised its holdings in Federated Hermes Premier Municipal Income Fund by 16.6% in the fourth quarter. Bank of America Corp DE now owns 179,655 shares of the company’s stock worth $1,960,000 after purchasing an additional 25,516 shares during the period.

Federated Hermes Premier Municipal Income Fund Price Performance

FMN opened at $10.37 on Tuesday. The firm has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $11.23. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.11 and a fifty-two week high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.