MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 29,189 shares, a decrease of 33.7% from the February 26th total of 44,049 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 63,585 shares, the days-to-cover ratio is presently 0.5 days.

MFS High Income Municipal Trust Stock Down 0.8%

MFS High Income Municipal Trust stock traded down $0.03 during midday trading on Friday, reaching $3.65. The company’s stock had a trading volume of 52,919 shares, compared to its average volume of 56,149. The business has a 50-day simple moving average of $3.79 and a 200-day simple moving average of $3.74. MFS High Income Municipal Trust has a fifty-two week low of $3.38 and a fifty-two week high of $3.88.

MFS High Income Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.018 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Institutional investors have recently added to or reduced their stakes in the business. Indivisible Partners acquired a new position in MFS High Income Municipal Trust in the fourth quarter valued at approximately $39,000. Goldman Sachs Group Inc. acquired a new stake in MFS High Income Municipal Trust during the fourth quarter worth approximately $55,000. Nomura Holdings Inc. acquired a new stake in MFS High Income Municipal Trust during the third quarter worth approximately $56,000. StoneX Group Inc. purchased a new stake in shares of MFS High Income Municipal Trust during the 4th quarter worth approximately $58,000. Finally, ACT Advisors LLC. purchased a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.

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.