MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,991 shares, an increase of 209.9% from the April 30th total of 965 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 62,006 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. boosted its holdings in MFS Intermediate High Income Fund by 25.0% in the fourth quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock worth $2,468,000 after purchasing an additional 290,356 shares during the period. Jane Street Group LLC acquired a new position in MFS Intermediate High Income Fund in the fourth quarter worth $31,000. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in MFS Intermediate High Income Fund by 107.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock worth $293,000 after purchasing an additional 86,000 shares during the period. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

Shares of NYSE:CIF opened at $1.62 on Friday. The company has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $1.68. MFS Intermediate High Income Fund has a 12-month low of $1.57 and a 12-month high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.0142 dividend. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Tuesday, May 19th.

MFS Intermediate High Income Fund Company Profile

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.