MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 17,900 shares, a decrease of 5.3% from the December 31st total of 18,900 shares. Based on an average daily trading volume, of 96,200 shares, the days-to-cover ratio is currently 0.2 days.

MFS High Income Municipal Trust Stock Performance

Shares of CXE traded down $0.02 during trading hours on Monday, hitting $3.74. 94,334 shares of the company were exchanged, compared to its average volume of 84,387. MFS High Income Municipal Trust has a fifty-two week low of $3.46 and a fifty-two week high of $4.03. The firm’s fifty day moving average is $3.74 and its 200 day moving average is $3.81.

MFS High Income Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were given a dividend of $0.016 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.19 annualized dividend and a dividend yield of 5.14%.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Several large investors have recently bought and sold shares of CXE. Sanctuary Advisors LLC bought a new position in shares of MFS High Income Municipal Trust during the second quarter worth about $43,000. HighTower Advisors LLC raised its position in shares of MFS High Income Municipal Trust by 30.5% during the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock worth $77,000 after acquiring an additional 4,468 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of MFS High Income Municipal Trust by 28.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after acquiring an additional 7,900 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of MFS High Income Municipal Trust by 4.9% during the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after acquiring an additional 3,126 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in shares of MFS High Income Municipal Trust by 54.9% during the third quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after acquiring an additional 27,994 shares during the last quarter. 34.37% of the stock is currently owned by institutional investors.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.