MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Down 82.5% in April

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 965 shares, a decline of 82.5% from the April 15th total of 5,524 shares. Based on an average trading volume of 63,656 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

Several large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. increased its position in shares of MFS Intermediate High Income Fund by 25.0% during the 4th quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock valued at $2,468,000 after purchasing an additional 290,356 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of MFS Intermediate High Income Fund by 107.6% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $293,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of MFS Intermediate High Income Fund during the 4th quarter valued at approximately $31,000. Institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

NYSE:CIF traded down $0.01 during trading hours on Tuesday, reaching $1.62. The stock had a trading volume of 114,281 shares, compared to its average volume of 57,727. MFS Intermediate High Income Fund has a 52 week low of $1.57 and a 52 week high of $1.82. The company has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $1.69.

MFS Intermediate High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.0142 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 10.6%. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.