MFS High Income Municipal Trust (NYSE:CXE) Short Interest Down 63.4% in January

MFS High Income Municipal Trust (NYSE:CXE) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 6,700 shares, a decrease of 63.4% from the January 15th total of 18,300 shares. Based on an average trading volume of 94,200 shares, the short-interest ratio is presently 0.1 days.

MFS High Income Municipal Trust Stock Performance

CXE stock opened at $3.72 on Thursday. MFS High Income Municipal Trust has a 52-week low of $3.46 and a 52-week high of $4.03. The company has a 50-day moving average of $3.73 and a two-hundred day moving average of $3.82.

MFS High Income Municipal Trust Dividend Announcement

The company 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 dividend of $0.016 per share. This represents a $0.19 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Tuesday, February 18th.

Institutional Investors Weigh In On MFS High Income Municipal Trust

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of MFS High Income Municipal Trust in the second quarter valued at about $43,000. Capital Investment Advisors LLC lifted its stake 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 buying an additional 3,126 shares during the period. Wolverine Asset Management LLC lifted its stake 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 buying an additional 27,994 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in shares of 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 valued at $142,000 after buying an additional 7,900 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of MFS High Income Municipal Trust by 30.5% in the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after buying an additional 4,468 shares during the period. 34.37% of the stock is currently owned by institutional investors.

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.