MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,900 shares, a drop of 5.3% from the December 31st total of 18,900 shares. Based on an average trading volume of 96,200 shares, the short-interest ratio is presently 0.2 days.

MFS High Income Municipal Trust Trading Down 0.4 %

MFS High Income Municipal Trust stock traded down $0.02 during mid-day trading on Monday, reaching $3.74. The stock had a trading volume of 94,334 shares, compared to its average volume of 84,387. MFS High Income Municipal Trust has a fifty-two week low of $3.46 and a fifty-two week high of $4.03. The stock’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $3.81.

MFS High Income Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were given a dividend of $0.016 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.19 annualized dividend and a dividend yield of 5.14%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in 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 worth $77,000 after acquiring an additional 4,468 shares during the period. Wolverine Asset Management LLC grew its position in shares of MFS High Income Municipal Trust by 54.9% in the third quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock valued at $316,000 after purchasing an additional 27,994 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of MFS High Income Municipal Trust in the second quarter valued at $43,000. Capital Investment Advisors LLC grew its position in shares of MFS High Income Municipal Trust by 4.9% in the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock valued at $269,000 after purchasing an additional 3,126 shares in the last quarter. Finally, Melfa Wealth Management Inc. grew its position in MFS High Income Municipal Trust by 13.0% during the fourth quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock worth $553,000 after buying an additional 17,295 shares in the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

About MFS High Income Municipal Trust

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.