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

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 18,942 shares, an increase of 774.5% from the January 15th total of 2,166 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 71,680 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 71,680 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. raised its stake in MFS Intermediate High Income Fund (NYSE:CIF) by 107.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,900 shares of the company’s stock after purchasing an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned 0.92% of MFS Intermediate High Income Fund worth $293,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Price Performance

Shares of CIF traded down $0.01 during mid-day trading on Thursday, hitting $1.72. 17,098 shares of the company’s stock were exchanged, compared to its average volume of 49,641. MFS Intermediate High Income Fund has a 52 week low of $1.52 and a 52 week high of $1.82. The company has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $1.74.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.0146 per share. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 10.2%.

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.