MFS Intermediate High Income Fund (NYSE:CIF) Sees Large Decrease in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,166 shares, a decline of 36.5% from the December 31st total of 3,411 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 42,994 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 42,994 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

MFS Intermediate High Income Fund Stock Up 0.9%

Shares of NYSE CIF traded up $0.02 during trading on Friday, reaching $1.72. 118,019 shares of the stock traded hands, compared to its average volume of 51,436. The company has a 50-day moving average of $1.72 and a 200-day moving average of $1.74. MFS Intermediate High Income Fund has a 52-week low of $1.52 and a 52-week high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 20th were given a $0.0146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MFS Intermediate High Income Fund stock. Kovack Advisors Inc. acquired a new stake in shares of MFS Intermediate High Income Fund (NYSE:CIF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,527 shares of the company’s stock, valued at approximately $27,000. Kovack Advisors Inc. owned about 0.09% of MFS Intermediate High Income Fund at the end of the most recent quarter. 6.85% of the stock is 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.