Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Rises By 23.5%

MFS Intermediate High Income Fund (NYSE:CIF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 28,400 shares, an increase of 23.5% from the June 30th total of 23,000 shares. Based on an average daily trading volume, of 47,500 shares, the days-to-cover ratio is currently 0.6 days.

MFS Intermediate High Income Fund Price Performance

NYSE CIF traded up $0.01 during trading hours on Friday, hitting $1.73. The company had a trading volume of 31,373 shares, compared to its average volume of 37,166. MFS Intermediate High Income Fund has a fifty-two week low of $1.47 and a fifty-two week high of $1.77. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.70.

MFS Intermediate High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be issued a $0.0146 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 annualized dividend and a dividend yield of 10.14%.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.