MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Down 11.4% in June

MFS High Yield Municipal Trust (NYSE:CMU) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 10,100 shares, a decrease of 11.4% from the May 31st total of 11,400 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is currently 0.2 days.

MFS High Yield Municipal Trust Stock Up 0.3 %

CMU traded up $0.01 during trading on Wednesday, hitting $3.45. The company’s stock had a trading volume of 23,940 shares, compared to its average volume of 58,259. The business’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $3.31. MFS High Yield Municipal Trust has a one year low of $2.78 and a one year high of $3.45.

MFS High Yield Municipal Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be issued a $0.0145 dividend. This is a boost from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01. This represents a $0.17 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, July 16th.

Institutional Trading of MFS High Yield Municipal Trust

Several hedge funds have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. lifted its position in shares of MFS High Yield Municipal Trust by 39.1% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 986,236 shares of the company’s stock valued at $3,264,000 after buying an additional 277,145 shares in the last quarter. Novak & Powell Financial Services Inc. purchased a new position in MFS High Yield Municipal Trust during the fourth quarter valued at approximately $91,000. Wolverine Asset Management LLC bought a new position in shares of MFS High Yield Municipal Trust in the fourth quarter worth approximately $72,000. Stratos Wealth Partners LTD. purchased a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter worth $68,000. Finally, WMG Financial Advisors LLC bought a new stake in shares of MFS High Yield Municipal Trust during the 4th quarter valued at $66,000. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Company Profile

MFS High Yield Municipal Trust 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.