MFS Intermediate High Income Fund (NYSE:CIF) Sees Large Decrease in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,166 shares, a decline of 36.5% from the December 31st total of 3,411 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,994 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 42,994 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. raised its stake in shares of MFS Intermediate High Income Fund (NYSE:CIF) by 107.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,900 shares of the company’s stock after purchasing an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned 0.92% of MFS Intermediate High Income Fund worth $293,000 as of its most recent filing with the Securities & Exchange Commission. 6.85% of the stock is currently owned by institutional investors.

MFS Intermediate High Income Fund Price Performance

Shares of NYSE:CIF traded up $0.02 during trading on Friday, hitting $1.72. The company’s stock had a trading volume of 118,019 shares, compared to its average volume of 51,436. The company has a 50-day moving average of $1.72 and a 200-day moving average of $1.74. MFS Intermediate High Income Fund has a 12 month low of $1.52 and a 12 month high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.0146 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, January 20th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

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.