Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Decreases By 14.1%

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 25,198 shares, a decline of 14.1% from the January 15th total of 29,351 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

MFS High Income Municipal Trust Trading Up 1.3%

Shares of CXE traded up $0.05 during mid-day trading on Tuesday, reaching $3.88. The company had a trading volume of 132,700 shares, compared to its average volume of 85,051. The company’s 50 day simple moving average is $3.75 and its 200 day simple moving average is $3.70. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $3.88.

MFS High Income Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.018 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CXE. UBS Group AG boosted its holdings in shares of MFS High Income Municipal Trust by 76.4% during the 4th quarter. UBS Group AG now owns 1,235,110 shares of the company’s stock valued at $4,570,000 after acquiring an additional 535,091 shares in the last quarter. Bank of America Corp DE raised its position in MFS High Income Municipal Trust by 4.0% in the third quarter. Bank of America Corp DE now owns 1,049,363 shares of the company’s stock valued at $3,904,000 after purchasing an additional 40,753 shares during the last quarter. Summit Financial LLC boosted its stake in shares of MFS High Income Municipal Trust by 20.8% during the fourth quarter. Summit Financial LLC now owns 608,800 shares of the company’s stock valued at $2,253,000 after purchasing an additional 104,750 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of MFS High Income Municipal Trust by 7.4% during the second quarter. Whitebox Advisors LLC now owns 483,300 shares of the company’s stock worth $1,730,000 after purchasing an additional 33,258 shares during the last quarter. Finally, Bulldog Investors LLP increased its stake in shares of MFS High Income Municipal Trust by 1.4% in the third quarter. Bulldog Investors LLP now owns 449,633 shares of the company’s stock valued at $1,673,000 after buying an additional 6,002 shares during the period. 34.37% of the stock is currently owned by institutional investors.

About MFS High Income Municipal Trust

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.