MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 17,000 shares, a drop of 76.2% from the January 31st total of 71,400 shares. Based on an average daily volume of 87,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of MFS Intermediate High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CIF. Sit Investment Associates Inc. increased its stake in MFS Intermediate High Income Fund by 82.3% during the 4th quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock valued at $1,872,000 after purchasing an additional 488,365 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of MFS Intermediate High Income Fund by 79.5% in the third quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock worth $180,000 after acquiring an additional 45,000 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of MFS Intermediate High Income Fund in the fourth quarter worth approximately $66,000. Wolverine Asset Management LLC grew its stake in shares of MFS Intermediate High Income Fund by 146.0% in the third quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock worth $85,000 after acquiring an additional 28,430 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of MFS Intermediate High Income Fund in the third quarter worth approximately $36,000. 6.85% of the stock is currently owned by institutional investors.

MFS Intermediate High Income Fund Stock Performance

NYSE:CIF opened at $1.74 on Friday. MFS Intermediate High Income Fund has a fifty-two week low of $1.62 and a fifty-two week high of $1.83. The firm has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $1.75.

MFS Intermediate High Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.0146 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.18 dividend on an annualized basis and a yield of 10.08%.

MFS Intermediate High Income Fund Company Profile

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.