Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Rises By 122.6%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 25,600 shares, an increase of 122.6% from the August 15th total of 11,500 shares. Based on an average daily volume of 39,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. boosted its stake in Federated Hermes Premier Municipal Income Fund by 32.9% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 240,342 shares of the company’s stock worth $2,641,000 after purchasing an additional 59,468 shares in the last quarter. Sar Wealth Management Group LLC acquired a new position in Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $278,000. Fisher Asset Management LLC acquired a new position in Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $239,000. Blue Bell Private Wealth Management LLC grew its holdings in Federated Hermes Premier Municipal Income Fund by 86.9% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 9,108 shares of the company’s stock worth $101,000 after acquiring an additional 4,236 shares during the last quarter. Finally, Alpine Global Management LLC increased its position in Federated Hermes Premier Municipal Income Fund by 1.1% in the 1st quarter. Alpine Global Management LLC now owns 118,797 shares of the company’s stock valued at $1,315,000 after acquiring an additional 1,343 shares in the last quarter.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of FMN opened at $12.43 on Friday. Federated Hermes Premier Municipal Income Fund has a 12 month low of $9.09 and a 12 month high of $12.46. The company has a 50-day moving average price of $11.76 and a two-hundred day moving average price of $11.37.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be given a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, September 23rd.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.