MFS High Income Municipal Trust (NYSE:CXE) Sees Large Increase in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 33,300 shares, an increase of 76.2% from the September 15th total of 18,900 shares. Based on an average daily volume of 51,200 shares, the days-to-cover ratio is currently 0.7 days.

MFS High Income Municipal Trust Trading Down 0.5 %

CXE stock opened at $3.91 on Monday. MFS High Income Municipal Trust has a 12-month low of $2.95 and a 12-month high of $4.03. The firm has a 50 day moving average of $3.89 and a 200-day moving average of $3.72.

MFS High Income Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of MFS High Income Municipal Trust

Large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. grew its position in MFS High Income Municipal Trust by 20.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 712,438 shares of the company’s stock valued at $2,586,000 after acquiring an additional 120,232 shares during the period. Whitebox Advisors LLC bought a new position in shares of MFS High Income Municipal Trust during the second quarter valued at approximately $394,000. Sanders Morris Harris LLC bought a new stake in MFS High Income Municipal Trust in the 1st quarter valued at about $338,000. Matisse Capital bought a new position in shares of MFS High Income Municipal Trust in the first quarter worth $265,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of MFS High Income Municipal Trust by 127.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 92,376 shares of the company’s stock valued at $343,000 after acquiring an additional 51,828 shares during the period. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.