MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Growth in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 96,351 shares, a growth of 282.4% from the January 29th total of 25,198 shares. Based on an average daily trading volume, of 46,907 shares, the short-interest ratio is presently 2.1 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 46,907 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On MFS High Income Municipal Trust

A number of institutional investors and hedge funds have recently made changes to their positions in CXE. Indivisible Partners acquired a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at approximately $39,000. Allworth Financial LP bought a new stake in MFS High Income Municipal Trust during the second quarter worth $47,000. Goldman Sachs Group Inc. acquired a new stake in MFS High Income Municipal Trust in the fourth quarter valued at $55,000. Nomura Holdings Inc. bought a new position in shares of MFS High Income Municipal Trust in the 3rd quarter valued at about $56,000. Finally, StoneX Group Inc. acquired a new position in shares of MFS High Income Municipal Trust during the 4th quarter worth about $58,000. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Price Performance

Shares of NYSE CXE traded up $0.01 during mid-day trading on Friday, hitting $3.84. The company had a trading volume of 63,889 shares, compared to its average volume of 57,086. The firm has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.71. MFS High Income Municipal Trust has a one year low of $3.38 and a one year high of $3.88.

MFS High Income Municipal Trust Announces Dividend

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

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.