Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 16,217 shares, a growth of 26.4% from the February 12th total of 12,832 shares. Based on an average daily volume of 35,642 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 35,642 shares, the short-interest ratio is presently 0.5 days.

Federated Hermes Premier Municipal Income Fund Stock Performance

Federated Hermes Premier Municipal Income Fund stock traded up $0.01 during trading hours on Tuesday, reaching $11.13. The stock had a trading volume of 16,307 shares, compared to its average volume of 27,682. The business’s 50 day moving average price is $11.23 and its 200-day moving average price is $11.11. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.11 and a 52 week high of $11.38.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 23rd will be paid a dividend of $0.045 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, March 23rd.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC purchased a new position in Federated Hermes Premier Municipal Income Fund in the fourth quarter worth $119,000. Closed End Fund Advisors Inc. acquired a new position in shares of Federated Hermes Premier Municipal Income Fund during the fourth quarter worth $288,000. Camelot Portfolios LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the 4th quarter valued at $72,000. Savvy Advisors Inc. acquired a new stake in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter worth $143,000. Finally, Melfa Wealth Management Inc. boosted its position in shares of Federated Hermes Premier Municipal Income Fund by 19.1% in the 4th quarter. Melfa Wealth Management Inc. now owns 31,121 shares of the company’s stock worth $346,000 after purchasing an additional 5,000 shares in the last quarter.

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 exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.