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

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 32,400 shares, a growth of 113.2% from the February 28th total of 15,200 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 113,200 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

A number of hedge funds have recently modified their holdings of CIF. Sit Investment Associates Inc. grew its stake in shares of MFS Intermediate High Income Fund by 82.3% in the fourth quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock worth $1,872,000 after purchasing an additional 488,365 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in MFS Intermediate High Income Fund by 79.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock worth $180,000 after buying 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 4th quarter worth approximately $66,000. Jane Street Group LLC purchased a new position in shares of MFS Intermediate High Income Fund during the third quarter valued at approximately $36,000. Finally, L.M. Kohn & Company bought a new position in shares of MFS Intermediate High Income Fund during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

Shares of NYSE:CIF remained flat at $1.71 during trading on Friday. The stock had a trading volume of 61,066 shares, compared to its average volume of 69,635. MFS Intermediate High Income Fund has a 52-week low of $1.62 and a 52-week high of $1.83. The firm’s 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $1.74.

MFS Intermediate High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0147 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date is Tuesday, March 18th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

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.