MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Down 19.4% in January

MFS Investment Grade Municipal Trust (NYSE:CXH) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 37,597 shares, a decrease of 19.4% from the January 15th total of 46,631 shares. Based on an average trading volume of 21,332 shares, the short-interest ratio is currently 1.8 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 21,332 shares, the short-interest ratio is currently 1.8 days.

MFS Investment Grade Municipal Trust Stock Performance

CXH stock opened at $8.14 on Friday. MFS Investment Grade Municipal Trust has a twelve month low of $7.34 and a twelve month high of $8.21. The business has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $7.87.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.034 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CXH. Bulldog Investors LLP raised its holdings in shares of MFS Investment Grade Municipal Trust by 22.5% in the 4th quarter. Bulldog Investors LLP now owns 1,201,345 shares of the company’s stock valued at $9,551,000 after purchasing an additional 220,851 shares during the period. Almitas Capital LLC increased its position in MFS Investment Grade Municipal Trust by 8.8% during the third quarter. Almitas Capital LLC now owns 487,688 shares of the company’s stock worth $3,833,000 after buying an additional 39,519 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its position in MFS Investment Grade Municipal Trust by 0.9% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 242,426 shares of the company’s stock worth $1,927,000 after buying an additional 2,055 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in MFS Investment Grade Municipal Trust by 128.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 112,637 shares of the company’s stock valued at $895,000 after buying an additional 63,238 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of MFS Investment Grade Municipal Trust by 282.6% in the third quarter. Bank of America Corp DE now owns 66,950 shares of the company’s stock valued at $526,000 after buying an additional 49,450 shares during the last quarter.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.