Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Declines By 91.2%

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,411 shares, a decline of 91.2% from the December 15th total of 38,654 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 59,928 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 59,928 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

MFS Intermediate High Income Fund Stock Down 0.3%

CIF stock traded down $0.01 during trading on Wednesday, hitting $1.72. 32,559 shares of the company traded hands, compared to its average volume of 48,986. MFS Intermediate High Income Fund has a 1 year low of $1.52 and a 1 year high of $1.82. The stock’s 50-day simple moving average is $1.72 and its 200 day simple moving average is $1.74.

MFS Intermediate High Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be paid a $0.0146 dividend. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 10.2%. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

Institutional Trading of MFS Intermediate High Income Fund

An institutional investor recently bought a new position in MFS Intermediate High Income Fund stock. Kovack Advisors Inc. acquired a new position in MFS Intermediate High Income Fund (NYSE:CIF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,527 shares of the company’s stock, valued at approximately $27,000. Kovack Advisors Inc. owned 0.09% of MFS Intermediate High Income Fund as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 6.85% of the company’s stock.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.