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 decline in short interest in September. As of September 15th, there was short interest totaling 15,329 shares, a decline of 44.7% from the August 31st total of 27,722 shares. Based on an average daily volume of 24,694 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Several large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC grew its position in shares of Federated Hermes Premier Municipal Income Fund by 0.7% during the second quarter. Rivernorth Capital Management LLC now owns 147,928 shares of the company’s stock worth $1,700,000 after purchasing an additional 1,001 shares in the last quarter. Scarborough Advisors LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the 1st quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the 2nd quarter worth approximately $41,000. Noble Wealth Management PBC grew its holdings in Federated Hermes Premier Municipal Income Fund by 13.2% during the 2nd quarter. Noble Wealth Management PBC now owns 43,250 shares of the company’s stock valued at $497,000 after buying an additional 5,050 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Federated Hermes Premier Municipal Income Fund by 7.0% during the 1st quarter. Bank of America Corp DE now owns 133,861 shares of the company’s stock valued at $1,463,000 after buying an additional 8,804 shares in the last quarter.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE FMN traded up $0.03 during midday trading on Thursday, reaching $9.88. The stock had a trading volume of 142,613 shares, compared to its average volume of 26,450. The stock has a 50-day moving average of $10.80 and a 200-day moving average of $11.06. Federated Hermes Premier Municipal Income Fund has a 12-month low of $9.77 and a 12-month high of $11.76.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 23rd will be issued a $0.0450 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.54 annualized dividend and a yield of 5.5%.

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 that is exempt from regular federal income tax. The fund pursues its objective primarily by investing in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States.

The fund’s investments may include general obligation bonds, revenue bonds and other fixed-income securities used to finance public projects and services.