MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 10,100 shares, a decline of 11.4% from the May 31st total of 11,400 shares. Based on an average daily trading volume, of 49,300 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of MFS High Yield Municipal Trust
A number of hedge funds have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. bought a new position in MFS High Yield Municipal Trust in the 1st quarter valued at about $35,000. Blue Bell Private Wealth Management LLC boosted its stake in MFS High Yield Municipal Trust by 178.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 16,547 shares of the company’s stock valued at $55,000 after purchasing an additional 10,615 shares during the period. WMG Financial Advisors LLC acquired a new position in MFS High Yield Municipal Trust in the 4th quarter valued at $66,000. Stratos Wealth Partners LTD. bought a new position in MFS High Yield Municipal Trust during the 4th quarter worth $68,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of MFS High Yield Municipal Trust during the fourth quarter worth $72,000. Institutional investors and hedge funds own 32.39% of the company’s stock.
MFS High Yield Municipal Trust Stock Up 0.3 %
Shares of CMU stock traded up $0.01 during trading on Wednesday, reaching $3.45. 23,940 shares of the company’s stock were exchanged, compared to its average volume of 58,259. MFS High Yield Municipal Trust has a twelve month low of $2.78 and a twelve month high of $3.45. The firm’s fifty day moving average price is $3.33 and its 200-day moving average price is $3.31.
MFS High Yield Municipal Trust Increases Dividend
MFS High Yield Municipal Trust Company Profile
MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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