MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Update

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 31,200 shares, an increase of 5.1% from the January 15th total of 29,700 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On MFS Investment Grade Municipal Trust

Several hedge funds have recently modified their holdings of the stock. Noble Wealth Management PBC bought a new stake in MFS Investment Grade Municipal Trust in the 4th quarter valued at $53,000. LPL Financial LLC boosted its holdings in shares of MFS Investment Grade Municipal Trust by 52.0% during the 4th quarter. LPL Financial LLC now owns 18,137 shares of the company’s stock valued at $145,000 after purchasing an additional 6,201 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of MFS Investment Grade Municipal Trust during the fourth quarter valued at about $230,000. Capital Investment Advisors LLC increased its holdings in shares of MFS Investment Grade Municipal Trust by 4.2% in the third quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company’s stock worth $299,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of MFS Investment Grade Municipal Trust by 41.0% in the fourth quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company’s stock worth $555,000 after buying an additional 20,186 shares in the last quarter.

MFS Investment Grade Municipal Trust Trading Down 0.6 %

NYSE:CXH opened at $8.03 on Wednesday. The stock has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.10. MFS Investment Grade Municipal Trust has a 12-month low of $7.30 and a 12-month high of $8.36.

MFS Investment Grade Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0265 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, February 18th.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal is a close 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 tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.