MFS High Income Municipal Trust (NYSE:CXE) Short Interest Up 265.6% in April

MFS High Income Municipal Trust (NYSE:CXE) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,752 shares, a growth of 265.6% from the April 15th total of 4,035 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 69,707 shares, the short-interest ratio is presently 0.2 days.

MFS High Income Municipal Trust Price Performance

MFS High Income Municipal Trust stock opened at $3.75 on Thursday. MFS High Income Municipal Trust has a twelve month low of $3.40 and a twelve month high of $3.88. The firm has a 50 day moving average price of $3.75 and a 200-day moving average price of $3.75.

MFS High Income Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.018 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Trading of MFS High Income Municipal Trust

Several hedge funds have recently made changes to their positions in CXE. Indivisible Partners bought a new position in MFS High Income Municipal Trust during the fourth quarter worth about $39,000. Patriot Financial Group Insurance Agency LLC bought a new stake in MFS High Income Municipal Trust during the 1st quarter valued at $53,000. Goldman Sachs Group Inc. bought a new stake in MFS High Income Municipal Trust during the 4th quarter valued at $55,000. Nomura Holdings Inc. bought a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter valued at $56,000. Finally, StoneX Group Inc. bought a new stake in shares of MFS High Income Municipal Trust during the 4th quarter valued at $58,000. 34.37% of the stock is currently owned by institutional investors.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.