MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Growth in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 41,200 shares, an increase of 514.9% from the January 31st total of 6,700 shares. Based on an average daily trading volume, of 95,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CXE. HighTower Advisors LLC grew its stake in shares of MFS High Income Municipal Trust by 30.5% during the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after acquiring an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after buying an additional 7,900 shares during the period. Whitebox Advisors LLC lifted its position in MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after purchasing an additional 10,475 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in MFS High Income Municipal Trust by 1.9% in the 4th quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company’s stock worth $2,282,000 after buying an additional 11,405 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of MFS High Income Municipal Trust during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

Shares of NYSE CXE traded down $0.01 during trading on Thursday, reaching $3.82. The company had a trading volume of 75,101 shares, compared to its average volume of 89,466. The stock has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $3.81. MFS High Income Municipal Trust has a twelve month low of $3.46 and a twelve month high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.016 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.03%.

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.