MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Update

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 17,900 shares, a drop of 10.1% from the August 15th total of 19,900 shares. Based on an average daily volume of 14,900 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CXH. Blue Bell Private Wealth Management LLC grew its holdings in MFS Investment Grade Municipal Trust by 233.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company’s stock worth $38,000 after acquiring an additional 3,400 shares during the period. Bank of New York Mellon Corp acquired a new stake in MFS Investment Grade Municipal Trust during the second quarter worth about $236,000. Rothschild Investment LLC acquired a new stake in MFS Investment Grade Municipal Trust during the second quarter worth about $377,000. Whitebox Advisors LLC acquired a new stake in MFS Investment Grade Municipal Trust during the second quarter worth about $384,000. Finally, Graham Capital Wealth Management LLC acquired a new stake in MFS Investment Grade Municipal Trust during the second quarter worth about $521,000.

MFS Investment Grade Municipal Trust Trading Down 0.4 %

Shares of NYSE:CXH traded down $0.03 during trading on Tuesday, hitting $8.21. The stock had a trading volume of 46,360 shares, compared to its average volume of 19,775. MFS Investment Grade Municipal Trust has a 12-month low of $6.41 and a 12-month high of $8.28. The stock has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $7.75.

MFS Investment Grade Municipal Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.0265 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.87%. This is a boost from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, September 17th.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal 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.