MFS Intermediate High Income Fund (NYSE:CIF) Sees Significant Drop in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 3,411 shares, a decline of 91.2% from the December 15th total of 38,654 shares. Based on an average daily volume of 59,928 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 59,928 shares, the days-to-cover ratio is presently 0.1 days.

MFS Intermediate High Income Fund Price Performance

NYSE:CIF traded up $0.01 during mid-day trading on Monday, hitting $1.73. 28,246 shares of the company’s stock traded hands, compared to its average volume of 50,327. MFS Intermediate High Income Fund has a 12 month low of $1.52 and a 12 month high of $1.82. The firm has a 50 day moving average of $1.72 and a two-hundred day moving average of $1.74.

MFS Intermediate High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be given a $0.0146 dividend. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 10.1%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MFS Intermediate High Income Fund stock. Kovack Advisors Inc. purchased a new stake in MFS Intermediate High Income Fund (NYSE:CIF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,527 shares of the company’s stock, valued at approximately $27,000. Kovack Advisors Inc. owned 0.09% of MFS Intermediate High Income Fund as of its most recent SEC filing. 6.85% of the stock is currently owned by institutional investors.

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.