MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Up 18.1% in February

MFS Investment Grade Municipal Trust (NYSE:CXH) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 43,155 shares, a growth of 18.1% from the February 12th total of 36,552 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 10,130 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily volume of 10,130 shares, the days-to-cover ratio is presently 4.3 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CXH. Bank of America Corp DE boosted its position in MFS Investment Grade Municipal Trust by 11.9% during the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock worth $134,000 after acquiring an additional 1,860 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its holdings in MFS Investment Grade Municipal Trust by 0.9% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 242,426 shares of the company’s stock valued at $1,927,000 after acquiring an additional 2,055 shares during the last quarter. Center for Financial Planning Inc. acquired a new stake in MFS Investment Grade Municipal Trust in the 3rd quarter valued at about $36,000. Raymond James Financial Inc. lifted its stake in MFS Investment Grade Municipal Trust by 62.3% in the 3rd quarter. Raymond James Financial Inc. now owns 31,813 shares of the company’s stock worth $250,000 after purchasing an additional 12,217 shares in the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of MFS Investment Grade Municipal Trust during the 4th quarter worth approximately $123,000.

MFS Investment Grade Municipal Trust Stock Up 0.2%

Shares of MFS Investment Grade Municipal Trust stock traded up $0.02 on Wednesday, reaching $8.23. The company’s stock had a trading volume of 3,825 shares, compared to its average volume of 18,707. MFS Investment Grade Municipal Trust has a 52-week low of $7.34 and a 52-week high of $8.39. The stock has a 50-day moving average price of $8.12 and a 200-day moving average price of $7.98.

MFS Investment Grade Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.034 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.