MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 58,659 shares, an increase of 209.7% from the January 29th total of 18,942 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 45,471 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 45,471 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the company’s stock are short sold.

MFS Intermediate High Income Fund Stock Up 0.3%

Shares of CIF stock traded up $0.01 during trading hours on Thursday, reaching $1.70. 9,144 shares of the stock were exchanged, compared to its average volume of 47,758. The business’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.73. MFS Intermediate High Income Fund has a 12-month low of $1.52 and a 12-month high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.0146 dividend. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Tuesday, February 17th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

Several hedge funds have recently made changes to their positions in the company. Kovack Advisors Inc. purchased a new stake in shares of MFS Intermediate High Income Fund in the 2nd quarter valued at about $27,000. Jane Street Group LLC acquired a new position in shares of MFS Intermediate High Income Fund in the 4th quarter valued at $31,000. Pin Oak Investment Advisors Inc. boosted its stake in MFS Intermediate High Income Fund by 107.6% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock worth $293,000 after purchasing an additional 86,000 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in MFS Intermediate High Income Fund by 25.0% in the fourth quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock valued at $2,468,000 after purchasing an additional 290,356 shares during the period. Hedge funds and other institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.