Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 19,785 shares, a growth of 49.4% from the March 15th total of 13,247 shares. Based on an average daily volume of 33,550 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Pathstone Holdings LLC increased its position in Federated Hermes Premier Municipal Income Fund by 30.8% during the third quarter. Pathstone Holdings LLC now owns 339,848 shares of the company’s stock valued at $3,752,000 after acquiring an additional 80,046 shares during the last quarter. Guggenheim Capital LLC increased its position in Federated Hermes Premier Municipal Income Fund by 28.1% during the fourth quarter. Guggenheim Capital LLC now owns 286,092 shares of the company’s stock valued at $3,178,000 after acquiring an additional 62,843 shares during the last quarter. Riverbridge Partners LLC increased its position in Federated Hermes Premier Municipal Income Fund by 34.8% during the fourth quarter. Riverbridge Partners LLC now owns 125,699 shares of the company’s stock valued at $1,397,000 after acquiring an additional 32,478 shares during the last quarter. Raymond James Financial Inc. increased its position in Federated Hermes Premier Municipal Income Fund by 10.2% during the second quarter. Raymond James Financial Inc. now owns 89,524 shares of the company’s stock valued at $953,000 after acquiring an additional 8,251 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its position in Federated Hermes Premier Municipal Income Fund by 105.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 71,605 shares of the company’s stock valued at $791,000 after acquiring an additional 36,680 shares during the last quarter.

Federated Hermes Premier Municipal Income Fund Trading Up 0.6%

Shares of NYSE FMN traded up $0.07 during mid-day trading on Tuesday, hitting $11.21. 18,560 shares of the stock traded hands, compared to its average volume of 28,587. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.34 and a 52 week high of $11.38. The stock has a fifty day moving average price of $11.13 and a 200-day moving average price of $11.12.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Thursday, April 23rd will be given a dividend of $0.045 per share. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 4.8%.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.