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

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 159,900 shares, a growth of 229.0% from the November 15th total of 48,600 shares. Based on an average daily trading volume, of 74,600 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

Large investors have recently made changes to their positions in the stock. L.M. Kohn & Company acquired a new stake in shares of MFS Intermediate High Income Fund in the third quarter valued at $28,000. Wolverine Asset Management LLC grew its position in MFS Intermediate High Income Fund by 6,389.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 19,468 shares of the company’s stock valued at $33,000 after acquiring an additional 19,168 shares in the last quarter. Jane Street Group LLC purchased a new stake in MFS Intermediate High Income Fund during the third quarter worth about $36,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in MFS Intermediate High Income Fund by 79.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock worth $180,000 after purchasing an additional 45,000 shares during the period. 6.85% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate High Income Fund Stock Performance

MFS Intermediate High Income Fund stock remained flat at $1.76 during midday trading on Friday. 37,907 shares of the company traded hands, compared to its average volume of 50,548. The stock’s fifty day moving average price is $1.76 and its 200-day moving average price is $1.74. MFS Intermediate High Income Fund has a 52-week low of $1.62 and a 52-week high of $1.83.

MFS Intermediate High Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0148 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.