MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 29,189 shares, a decrease of 33.7% from the February 26th total of 44,049 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 63,585 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of MFS High Income Municipal Trust

Institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC raised its holdings in MFS High Income Municipal Trust by 88.5% during the 4th quarter. Mariner LLC now owns 29,188 shares of the company’s stock worth $108,000 after purchasing an additional 13,703 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of MFS High Income Municipal Trust by 17.9% in the 4th quarter. HighTower Advisors LLC now owns 24,727 shares of the company’s stock valued at $91,000 after purchasing an additional 3,750 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of MFS High Income Municipal Trust during the first quarter worth $84,000. Susquehanna International Group LLP acquired a new stake in shares of MFS High Income Municipal Trust during the third quarter worth $84,000. Finally, StoneX Group Inc. bought a new position in MFS High Income Municipal Trust during the fourth quarter worth $58,000. 34.37% of the stock is currently owned by institutional investors.

MFS High Income Municipal Trust Stock Down 0.8%

NYSE:CXE traded down $0.03 during trading hours on Friday, hitting $3.65. 52,919 shares of the company were exchanged, compared to its average volume of 55,600. MFS High Income Municipal Trust has a one year low of $3.38 and a one year high of $3.88. The company has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $3.74.

MFS High Income Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.018 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, March 17th.

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.