MFS High Income Municipal Trust (NYSE:CXE) Sees Large Increase in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 41,200 shares, an increase of 514.9% from the January 31st total of 6,700 shares. Based on an average trading volume of 95,800 shares, the days-to-cover ratio is currently 0.4 days.

MFS High Income Municipal Trust Trading Up 0.1 %

Shares of NYSE CXE traded up $0.01 during mid-day trading on Friday, reaching $3.83. The company had a trading volume of 52,055 shares, compared to its average volume of 88,507. The business’s 50-day moving average is $3.72 and its 200-day moving average is $3.81. MFS High Income Municipal Trust has a 52 week low of $3.46 and a 52 week high of $4.03.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.016 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Tuesday, February 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in shares of MFS High Income Municipal Trust by 30.5% in the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock worth $77,000 after purchasing an additional 4,468 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after purchasing an additional 7,900 shares during the last quarter. Whitebox Advisors LLC grew its holdings in shares of MFS High Income Municipal Trust by 9.9% in the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of MFS High Income Municipal Trust by 1.9% in the fourth quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company’s stock worth $2,282,000 after purchasing an additional 11,405 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in MFS High Income Municipal Trust during the 4th quarter worth about $43,000. 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.