MFS High Income Municipal Trust (NYSE:CXE) Short Interest Down 14.1% in January

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 25,198 shares, a decline of 14.1% from the January 15th total of 29,351 shares. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is presently 0.3 days.

MFS High Income Municipal Trust Price Performance

Shares of NYSE:CXE traded up $0.05 during mid-day trading on Tuesday, reaching $3.88. 132,700 shares of the company’s stock were exchanged, compared to its average volume of 85,051. The business’s fifty day moving average price is $3.75 and its 200-day moving average price is $3.70. MFS High Income Municipal Trust has a twelve month low of $3.38 and a twelve month high of $3.88.

MFS High Income Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 5.6%.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Indivisible Partners bought a new position in shares of MFS High Income Municipal Trust during the fourth quarter worth about $39,000. Allworth Financial LP acquired a new stake in MFS High Income Municipal Trust during the 2nd quarter valued at approximately $47,000. Goldman Sachs Group Inc. bought a new position in MFS High Income Municipal Trust during the 4th quarter worth approximately $55,000. Nomura Holdings Inc. bought a new position in MFS High Income Municipal Trust during the 3rd quarter worth approximately $56,000. Finally, StoneX Group Inc. acquired a new position in shares of MFS High Income Municipal Trust in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.