Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 9,850 shares, a growth of 164.9% from the January 15th total of 3,719 shares. Based on an average daily trading volume, of 28,278 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 28,278 shares, the days-to-cover ratio is currently 0.3 days.

Federated Hermes Premier Municipal Income Fund Price Performance

FMN traded up $0.01 during trading hours on Friday, hitting $11.32. 14,512 shares of the company’s stock were exchanged, compared to its average volume of 29,200. The firm has a 50 day moving average of $11.16 and a 200 day moving average of $11.02. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.11 and a 12-month high of $11.38.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.045 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, February 23rd.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Several large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC grew its holdings in shares of Federated Hermes Premier Municipal Income Fund by 33.1% during the second quarter. Guggenheim Capital LLC now owns 275,617 shares of the company’s stock worth $2,933,000 after buying an additional 68,566 shares during the last quarter. Raymond James Financial Inc. lifted its position in Federated Hermes Premier Municipal Income Fund by 10.2% during the 2nd quarter. Raymond James Financial Inc. now owns 89,524 shares of the company’s stock worth $953,000 after acquiring an additional 8,251 shares during the period. Riverbridge Partners LLC grew its stake in shares of Federated Hermes Premier Municipal Income Fund by 3.0% in the 3rd quarter. Riverbridge Partners LLC now owns 93,221 shares of the company’s stock valued at $1,029,000 after purchasing an additional 2,735 shares during the last quarter. North Ground Capital increased its holdings in shares of Federated Hermes Premier Municipal Income Fund by 72.8% in the third quarter. North Ground Capital now owns 34,371 shares of the company’s stock valued at $379,000 after purchasing an additional 14,481 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund in the third quarter valued at approximately $173,000.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.