MFS Intermediate High Income Fund (NYSE:CIF) Sees Significant Increase in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 52,200 shares, a growth of 5.0% from the September 30th total of 49,700 shares. Based on an average trading volume of 54,900 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

A hedge fund recently raised its stake in MFS Intermediate High Income Fund stock. Wolverine Asset Management LLC lifted its stake in shares of MFS Intermediate High Income Fund (NYSE:CIF) by 6,389.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,468 shares of the company’s stock after acquiring an additional 19,168 shares during the period. Wolverine Asset Management LLC owned approximately 0.10% of MFS Intermediate High Income Fund worth $33,000 as of its most recent SEC filing. 6.85% of the stock is owned by institutional investors.

MFS Intermediate High Income Fund Stock Performance

Shares of CIF opened at $1.75 on Friday. MFS Intermediate High Income Fund has a 12-month low of $1.55 and a 12-month high of $1.83. The stock has a 50-day moving average price of $1.77 and a 200-day moving average price of $1.73.

MFS Intermediate High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 annualized dividend and a yield of 10.32%.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.