MFS High Income Municipal Trust (NYSE:CXE) Short Interest Up 72.9% in May

MFS High Income Municipal Trust (NYSE:CXE) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 25,512 shares, an increase of 72.9% from the April 30th total of 14,752 shares. Based on an average trading volume of 68,098 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of MFS High Income Municipal Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in shares of MFS High Income Municipal Trust by 17.9% during the 4th quarter. HighTower Advisors LLC now owns 24,727 shares of the company’s stock worth $91,000 after acquiring an additional 3,750 shares during the period. Citadel Advisors LLC lifted its stake in MFS High Income Municipal Trust by 19.1% in the 3rd quarter. Citadel Advisors LLC now owns 25,812 shares of the company’s stock valued at $96,000 after purchasing an additional 4,142 shares during the last quarter. Bank of America Corp DE lifted its stake in MFS High Income Municipal Trust by 0.4% in the 1st quarter. Bank of America Corp DE now owns 1,029,129 shares of the company’s stock valued at $3,818,000 after purchasing an additional 4,334 shares during the last quarter. Truist Financial Corp lifted its stake in MFS High Income Municipal Trust by 5.7% in the 3rd quarter. Truist Financial Corp now owns 94,195 shares of the company’s stock valued at $350,000 after purchasing an additional 5,094 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in MFS High Income Municipal Trust by 10.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,685 shares of the company’s stock valued at $203,000 after purchasing an additional 5,094 shares during the last quarter. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

Shares of MFS High Income Municipal Trust stock traded up $0.03 on Tuesday, reaching $3.68. 82,313 shares of the stock were exchanged, compared to its average volume of 92,181. The firm’s 50 day moving average is $3.71 and its 200-day moving average is $3.74. MFS High Income Municipal Trust has a one year low of $3.40 and a one year high of $3.88.

MFS High Income Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.018 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, May 21st.

MFS High Income Municipal Trust Company Profile

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.